True or False

20. Simple exponential smoothing is an appropriate method for prediction purposes when there is a significant trend present in a time series data.

21. The components of time series can be added or multiplied.

22. . Exponential smoothing is a forecasting method that applies equal weights to the time series observations.

23. Simple exponential forecasting method would not be used to forecast seasonal data.

24. Holt-Winter's double exponential smoothing would be an appropriate method to use to forecast a time series that exhibits a linear trend with no seasonal or cyclical patterns

GBS221_Lesson_11_Template ~ T Insert Table Chart Text Shape Media Comment Paused ments & Changes On 46 $ 59,276.00 Finance Less than 2 years 47 $ 75,869.00 Non-Finance 2 to 5 years 48 $ 57,549.00 Finance 2 to 5 years 49 $ 76,762.00 Non-Finance 2 to 5 years 50 $ 60,993.00 Non-Finance Less than 2 years 51 $ 63,362.00 Finance 2 to 5 years 52 $ 53,231.00 Finance More than 5 years 53 $ 62, 115.00 Finance More than 5 years 54 $ 56,080.00 Finance 2 to 5 years 55 $ 53,392.00 Finance 2 to 5 years 56 $ 61,299.00 Non-Finance Less than 2 years 57 $ 53,894.00 Finance More than 5 years 58 $ 82,794.00 Non-Finance 2 to 5 years 59 $ 56,990.00 Finance Less than 2 years 60 $ 77,403.00 Non-Finance More than 5 years 61 $ 78,936.00 Non-Finance More than 5 years 62 5 54,282.00 Finance 2 to 5 years Observatio n Salary Position Experience 63 5 78,850.00 Non-Finance 2 to 5 years 64 $ 54,592.00 Finance More than 5 years 65 5 56,461.00 Finance Less than 2 years 4548