The trend corrected exponential smoothing (Holt's Model)forecast method is appropriate when
A)demand has observable trend or seasonality.
B)demand has no observable trend or seasonality.
C)demand has observable trend but no seasonality.
D)demand has no observable level or seasonality.

Question

Quizplus · Accepted Answer

Holt's Model, or trend corrected exponential smoothing, is specifically designed to forecast data with a trend but does not account for seasonality. It adjusts for both the level and the trend of the series, making it suitable for data with a trend but without seasonal patterns.

The Trend Corrected Exponential Smoothing (Holt's Model)forecast Method Is Appropriate