Under which of the following conditions would you suggest that a double exponential smoothing model should be used instead of a single exponential smoothing model?
A) When the time-series data exhibit a trend
B) When there are two main time-series variables involved in the forecast application
C) When the data exhibit only random variation
D) When the data set is extremely uneven

Question

Quizplus · Accepted Answer

Double exponential smoothing is recommended over single exponential smoothing when the time-series data exhibit a trend, as it accounts for both the level and trend of the data, providing more accurate forecasts in such scenarios.

Under Which of the Following Conditions Would You Suggest That