Exponential smoothing is an example of _____________ forecasting.

Question

Quizplus · Accepted Answer

Exponential smoothing is a time series forecasting method where past observations are weighted exponentially to make future predictions. It is based solely on the historical data of the variable being forecasted, making it a time series method. It does not rely on any external factors or causal relationships, which are characteristic of causal forecasting. It is also not based on subjective opinions or assumptions, which are characteristic of intuition or subjective forecasting.

Exponential Smoothing Is an Example of _____________ Forecasting