A forecasting technique that weights historical observations with rapidly decreasing weights to forecast valuesAnswer for prompt 1 A forecasting technique that weights historical observations with rapidly decreasing weights to forecast valuesPrompt 2A mathematical result that is calculated by averaging a specific number of past data pointsAnswer for prompt 2 A mathematical result that is calculated by averaging a specific number of past data pointsPrompt 3Forecasting technique that puts more emphasis on recent data and less on past data through the use of a weighting factor.Answer for prompt 3 Forecasting technique that puts more emphasis on recent data and less on past data through the use of a weighting factor.Prompt 4Technique in which the last period's actuals are used as this period'sforecast without any adjustmentAnswer for prompt 4 Technique in which the last period's actuals are used as this period'sforecast without any adjustmentPrompt 5A simplisticforecastingtechnique that imposes a line of best fit to time series historical data