Might it be OK to use exponential smoothing to forecast 2010 for Bob's data?
A) No,under no circumstances
B) Yes,if you use only the most recent 10 years
C) Yes,if you need a long-term forecast
D) No,since the data appear to be erratic

Question

Might it be OK to use exponential smoothing to forecast 2010 for Bob's data? 
A) No,under no circumstances 
B) Yes,if you use only the most recent 10 years 
C) Yes,if you need a long-term forecast 
D) No,since the data appear to be erratic

Quizplus · Accepted Answer

Exponential smoothing can be used for short-term forecasts and with a limited amount of historical data. Using only the most recent 10 years of data can be appropriate for this technique. However, it may not be suitable for long-term forecasts or when the data is very erratic.

Might It Be OK to Use Exponential Smoothing to Forecast