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 can be used for forecasting.
C)It uses all earlier observations in each smoothing calculation.
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 by using a smoothing constant, commonly denoted by the symbol alpha, which is a value between 0 and 1 that determines the weight given to the most recent observation compared to all earlier observations.

Which of the Following Statements About the Method of Exponential