__________ uses a weighted average of past time series values as the forecast.
A)The qualitative method
B)Exponential smoothing
C)Correlation analysis
D)The causal model

Question

Quizplus · Accepted Answer

Exponential smoothing uses a weighted average of past time series values to forecast future values. It assigns exponentially decreasing weights to older observations, therefore placing more weight on recent observations. This method is particularly useful when there is no apparent trend or seasonal pattern in the data.

__________ Uses a Weighted Average of Past Time Series Values