Question: What is exponential smoothing? Explain how the weights are assigned to a time series data. Comment on the relative importance of the time series data

What is exponential smoothing? Explain how the weights are assigned to a time series data. Comment on the relative importance of the time series data if,

a. W = 0

b. W = 1

c. W = 0.5

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What is exponential smoothing? Explain how the weights are assigned to a time series data. Comment on the relative importance of the time series data if, a. $W=0$ b. $W=1$ c. $W=0.5$

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