Exponential smoothing is an example of ________ forecasting.
A)time series
B)subjective
C)intuition
D)causal

Question

Quizplus · Accepted Answer

Exponential smoothing is a technique used for time series forecasting. Time series forecasting involves the analysis of past data points to predict future trends, patterns, and behavior of a variable over time. Exponential smoothing assigns more weight to recent data points and less weight to older data points, providing a forecast that is more responsive to changes in the underlying data series. This approach is based solely on historical data, without considering external factors or potential relationships with other variables, which makes it a type of time series forecasting.

Exponential Smoothing Is an Example of ________ Forecasting