Question: What is the primary difference between the exponential smoothing model and the weighted moving average model in time series forecasting? What is the primary difference
What is the primary difference between the exponential smoothing model and the weighted moving average model in time series forecasting?
What is the primary difference between the exponential smoothing model and the weighted moving average model in time series forecasting?
Exponential smoothing does not require past data for forecasting.
Exponential smoothing uses multiple past periods for forecasting.
Exponential smoothing is less responsive to recent trends.
Exponential smoothing considers a smoothing factor for weighting.
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