Smoothing techniques are suitable for use when forecasts need to be updated frequently due to new observations that become available.

Name: Smoothing techniques are suitable for use when forecasts need to be updated frequently due to new observations that become available.
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Question

Quizplus · Accepted Answer

Smoothing techniques, such as exponential smoothing, are designed to update forecasts in response to new observations. This makes them well-suited for situations where forecasts need to be updated frequently.

Smoothing Techniques Are Suitable for Use When Forecasts Need to Be