Simple exponential smoothing is an appropriate method for prediction purposes when there is a significant trend present in a time series data.

Question

Quizplus · Accepted Answer

Simple exponential smoothing is appropriate for time series data with no or minimal trend. When trend is present in the data, a more advanced forecasting method such as Holt's exponential smoothing or ARIMA would be more appropriate.

Simple Exponential Smoothing Is an Appropriate Method for Prediction Purposes