When Exponential Smoothing Is Used in Fitting a Curve to a Time

question 55

Essay

When exponential smoothing is used in fitting a curve to a time series,the approach is slightly different from its application to forecasting.Compare the appropriate formulas and point out how they differ.

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Definitions:

Trained Introspection

A method in early psychology involving trained observers examining and reporting the content of their own thoughts and mental experiences.

Wilhelm Wundt

Known as the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.

Inner Experiences

Personal and subjective experiences that occur within an individual's mind, such as thoughts, feelings, and dreams.

Functionalist School

A perspective in sociology and psychology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of individuals in that society.