The Holt-Winters double exponential smoothing method is used to forecast time series data with ___________.
A)Autocorrelation
B)A linear trend
C)Cyclical patterns
D)Moving averages

Question

Quizplus · Accepted Answer

The Holt-Winters double exponential smoothing method is specifically designed for time series data that exhibit a linear trend. It is not well-suited for data with autocorrelation, cyclical patterns, or moving averages, as these types of patterns require different forecasting methods.

The Holt-Winters Double Exponential Smoothing Method Is Used to Forecast