Question: Time series decomposition breaks down the time series data in to the trend, seasonality, and random variation components. In the time series plot, the trend

Time series decomposition breaks down the time

Time series decomposition breaks down the time series data in to the trend, seasonality, and random variation components. In the time series plot, the trend component is always a straight line (which can be upward, downward, or flat). True False Question 12 (1 point) For the exponential smoothing method, a greater value of the smoothing constsant a makes the forecasts more accurate, because the method will assign a greater weight to the more recent observations. True False

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