Exponential smoothing...
A)Works best for long-term forecasting
B)Yields a mathematically optimal solution
C)Assigns weights to past data that decay exponentially as the data gets older
D)Cannot be adapted to handle trend

Question

Quizplus · Accepted Answer

Exponential smoothing assigns weights to past data that decay exponentially as the data gets older. This allows it to give more weight to recent observations while still considering older data, making it useful for short-term forecasting. It may not be ideal for long-term forecasting, and while it does not yield a mathematically optimal solution, it is a popular and effective method in practice. Additionally, exponential smoothing can be adapted to handle trend through the use of double or triple exponential smoothing techniques.

Exponential Smoothing