In a Single Exponential Smoothing Model, One Smoothing Constant Is

question 47

True/False

In a single exponential smoothing model, one smoothing constant is used to weigh the historical data, and the model is of primary value when the data do not exhibit trend or seasonal components.

---

Definitions:

Slope

The slope represents the rate of change between two variables on a graph, indicating how much one variable changes for a unit change in another variable.

Criterion Variable

The dependent variable in a study that is predicted or explained by the independent variable(s).

Predictor Variable

An independent variable in statistical models that is used to predict or explain changes in the dependent variable (response variable).

Nominal Variable

A nominal variable is a type of categorical variable for which there is no natural ordering among the categories.