Which of the following statements about the method of exponential smoothing is not true?
A) It gives greater weight to more recent data.
B) It uses all earlier observations in each smoothing calculation.
C) It can be used for forecasting.
D) It gives greater weight to the earlier observations in the series.

Question

Quizplus · Accepted Answer

The statement "It gives greater weight to the earlier observations in the series" is not true. Exponential smoothing gives greater weight to more recent data, and as the amount of data collected increases, the weight given to earlier observations decreases.

Which of the Following Statements About the Method of Exponential