If a time series does not exhibit a long-term trend,the method of exponential smoothing may be used to obtain short-term predictions about the future.

Name: If a time series does not exhibit a long-term trend,the method of exponential smoothing may be used to obtain short-term predictions about the future.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Exponential smoothing is commonly used for short-term forecasting, especially when there is no long-term trend present in the time series data.

If a Time Series Does Not Exhibit a Long-Term Trend,the