The exponential smoothing technique is?
A) Rarely used due to its complexity
B) Rarely used due to its inaccuracy
C) Widely used due to its simplicity
D) Widely used due to its ability to generate perfect forecasts

Question

Quizplus · Accepted Answer

Exponential smoothing is a widely used forecasting technique because of its simplicity and ability to produce accurate forecasts with minimal data inputs.

The Exponential Smoothing Technique Is