Question: 1. What are smoothing techniques and when would you use them? 2. What is the basic assumption behind naive forecasting models? 3. Describe the differences

1. What are smoothing techniques and when would you use them?
2. What is the basic assumption behind naive forecasting models?
3. Describe the differences between simple averages, moving averages, and weighted moving averages.
4. Exponential smoothing is a form of weighted average. How is weighting done in exponential smoothing?

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1 Smoothing techniques are statistical methods used to reduce the noise or variability in a time series data by creating a smoother representation of the underlying pattern They are commonly employed ... View full answer

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