Exponential Smoothing Allows a Forecast to Put Greater or Less

question 12

True/False

Exponential smoothing allows a forecast to put greater or less weight on certain data points.

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Definitions:

Standard Deviation

An indicator used to determine the degree of scatter or deviation present in a group of data points.

Normally Distributed

A type of continuous probability distribution for a real-valued random variable where the data is symmetrically distributed, forming a bell-shaped curve.

Mean

The arithmetic average of a set of values, calculated by summing the values and then dividing by the number of values.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are.