True or False: Each forecast using the method of exponential smoothing depends on all the
previous observations in the time series.

Name: True or False: Each forecast using the method of exponential smoothing depends on all the previous observations in the time series.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Exponential smoothing uses a weighted average of past observations, where the weights decrease exponentially for older data, thus incorporating all previous observations.

True or False: Each Forecast Using the Method of Exponential