The Holt-Winters Multiplicative Model Differs from the Holt-Winters Additive Model

question 59

Multiple Choice

The Holt-Winters multiplicative model differs from the Holt-Winters additive model in that the Holt-Winters multiplicative model ________.

• A)is synonymous to the double exponential smoothing forecast model
• B)is synonymous to the single exponential smoothing forecast model
• C)applies to time series with relatively stable seasonality
• D)applies to time series whose amplitude increases or decreases over time

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Definitions:

Capital Goods

Goods that are used in producing other goods, rather than being bought by consumers directly, such as machinery, tools, and buildings used in production.

Economic Growth

An increase in a nation's production of goods and services, measured by its gross domestic product (GDP) over time.

Consumer Goods

Items produced for personal consumption by individuals and households.

Productivity Of Land

Productivity of land refers to the amount and value of output (crops, minerals, etc.) produced per unit area, indicating the efficiency of land use in agricultural and industrial production.