Time-series forecasting with exponential smoothing uses the following formula:` . where is the exponentially smoothed time series at time t, is the value of the time series at time t, and w is the smoothing constant. The forecast value at time t + 1, where w = 0.3, is given by:
A) Ft+1 = 0.3yt+1 + 0.7St+1.
B) Ft+1 = 0.3yt + 0.7St-1.
C) Ft+1 = 0.3yt + 0.7St.
D) Ft+1 = 0.3yt-1 + 0.7St.
Correct Answer:
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