Question: Associate the situation on the left with the most appropriate forecasting method on the right. You want to place less weight on more recent data
Associate the situation on the left with the most appropriate forecasting method on the right.
You want to place less weight on more recent data in computing the forecast.
Choose
Exponential smoothing with a large value of alpt
Exponential smoothing with a small value of alp
Linear regression.
Simple average method.
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