Question: Why is the term exponential used in Exponential Smoothing for forecasting? Question 1 0 options: It signifies the exponential growth in data storage requirements as

Why is the term "exponential" used in "Exponential Smoothing" for forecasting?
Question 10 options:
It signifies the exponential growth in data storage requirements as the number of observations increases.
It indicates that the method causes an exponential increase in the accuracy of forecasts over time.
It refers to the rapid increase in complexity of calculations as more data points are added.
It describes the method of applying exponentially decreasing weights to past observations to predict future values.

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