If a time series exhibits a strong trend, forecasting is best done using
A) moving average
B) exponential smoothing
C) trend-adjusted exponential smoothing
D) naïve method
E) none of the above

Question

Quizplus · Accepted Answer

Trend-adjusted exponential smoothing is specifically designed to account for trends in the data, making it the best choice for forecasting a time series with a strong trend.

If a Time Series Exhibits a Strong Trend, Forecasting Is