The smoothing constants in exponential smoothing models are effectively a way to assign different weights to past levels,trends and cycles in the data.

Question

Quizplus · Accepted Answer

The smoothing constants in exponential smoothing models are parameters that determine the weights assigned to past observations, with higher weights given to more recent data. This allows the models to account for levels, trends, and cycles in the data by adjusting how much influence past observations have on the forecast.

The Smoothing Constants in Exponential Smoothing Models Are Effectively a Way