1. What are smoothing techniques and when would you use them? 2. What is the basic assumption...

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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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Business Statistics For Contemporary Decision Making

ISBN: 9781119577621

3rd Canadian Edition

Authors: Ken Black, Ignacio Castillo

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