Exponential Smoothing

question 18

Multiple Choice

Exponential smoothing:

• A) will detect trends
• B) will lag demand
• C) will lead demand and detect trends
• D) will detect trends but lag demand

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Definitions:

Denominator

The bottom number in a fraction, representing the total number of equal parts the whole is divided into.

Interval Estimate

A range of values, calculated from sample data, that is likely to include the true value of a population parameter.

Sample Statistic

A numerical measurement describing some characteristic of a sample, such as the mean or variance.

Sample Mean

The mean of a collection of numbers, determined by summing all the numbers in the set and then dividing by the count of the numbers.