Question: Please select the right statement(s) that apply to the exponential smoothing with trend adjustment forecasting method Select 3 correct answer(s) The exponential smoothing with trend

Please select the right statement(s) that apply

Please select the right statement(s) that apply to the exponential smoothing with trend adjustment forecasting method Select 3 correct answer(s) The exponential smoothing with trend adjustment requires the initial forecast a and B should be carefully selected between 0 and 1 in a way to minimize the forecasting errors The use of exponential smoothing with trend adjustment is appropriate when the underlying average of the time series is either increasing or decreasing a and B represent the relative importance of the most recent observation in the forecasting the immediate next period

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