_________ can be described as a "self- correcting" forecasting technique.
A)Weighted moving average
B)Multiplicative decomposition
C)Exponential smoothing
D)Simple moving average

Question

Quizplus · Accepted Answer

Exponential smoothing is considered a "self-correcting" forecasting technique because it adjusts future forecasts based on the error of the most recent forecast. This method gives more weight to recent observations while not discarding older observations entirely, allowing it to adapt to changes in the data pattern over time.

_________ Can Be Described as a "Self- Correcting" Forecasting Technique