Exponential smoothing models can be very complex.

Question

Quizplus · Accepted Answer

Exponential smoothing models are actually relatively simple time series models. They involve smoothing the data using a weighted average of the previous observations, with the weights decreasing exponentially as the observations get older. While there are some variations of exponential smoothing models that can be more complicated, the basic models are often used for forecasting and are easy to implement in software.

Exponential Smoothing Models Can Be Very Complex