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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Definitions:

Periodic

Occurring or appearing at regular intervals of time.

Event-Based

Pertaining to systems, programming, or actions that are triggered or initiated by specific events or conditions rather than occurring in a continuous or time-based manner.

Unscheduled Programs

Programs or tasks that are not planned or scheduled in advance, often running based on specific conditions or events rather than at set times.

Downloaded

The process of receiving data from the internet or another network onto a local system or device.