In Establishing a Single Exponential Smoothing Forecasting Model, a Starting

question 121

True/False

In establishing a single exponential smoothing forecasting model, a starting point for the forecast value for period 1 is required. One method for arriving at this starting point is to use the first data point as the forecast for that period. If we do that, then the first data point should be ignored when computing measures of forecast error.

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Samuel Gompers

An English-born American labor union leader who founded the American Federation of Labor and served as the organization's president.

AFL

The American Federation of Labor, a national federation of labor unions in the United States founded in 1886, focused on fair labor conditions.

American Union Against Militarism

An organization founded in the early 20th century aiming to promote peace and resist militaristic policies and practices.