1 answer

Any help? Question 5 1 pts The equation for exponential smoothing states that the new forecast...

Question:

any help?
Question 5 1 pts The equation for exponential smoothing states that the new forecast is equal to the previous forecast plus 2
Question 5 1 pts The equation for exponential smoothing states that the new forecast is equal to the previous forecast plus 2 times the error of the previous forecast. True False

Answers

False.

As per the exponential smoothing equation,

New forecast = old forecast adjusted for the error or portion of difference between actual and forecasted data.

So ,the Statement in the question is false.

.

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