Holt - Winters double exponential smoothing method is used to forecast time series data with ________.
A)autocorrelation
B)linear trend
C)cyclical patterns
D)moving averages

Question

Quizplus · Accepted Answer

Holt-Winters double exponential smoothing method is best used for time series data with a linear trend. It models the trend component and the level component separately, making it appropriate for linear trends in the data. It may not be the best option for data with autocorrelation, cyclical patterns or moving averages.

Holt - Winters Double Exponential Smoothing Method Is Used to Forecast