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Exponential smoothening methods are best suited under conditions when

Exponential smoothening methods are best suited under conditions when Correct Answer forecasting horizon is relatively large

Concept:

Exponential smoothening methods are best suited under conditions when the forecasting horizon is relatively large so that exponential smoothing is very small and forecast error decreases.

Related Questions

Using exponential smoothening, a car manufacturing company predicted the demand for that year as 1040 cars. The actual sale was found to be 1140 cars. If the company’s forecast for the next year is 1080, what is the value of the smoothening constant?
Which of the following statements regarding static methods are correct?
1. Static methods are difficult to maintain, because you can not change their implementation.
2. Static methods can be called using an object reference to an object of the class in which this method is defined.
3. Static methods are always public, because they are defined at class-level.
4. Static methods do not have direct access to non-static methods which are defined inside the same class.
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In an opencast mine, dumpers arrive at a shovel location with an average arrival rate of 12 per/hour. The inter-arrival times of the dumpers follow an exponential distribution. The service times of the shovel also follow an exponential distribution with an average of 3 minute. The average waiting time of a dumper in the queue in minutes is
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In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out ofthe four alternatives.
The conditions ______ which democracy can _______ are _______ to ________ ; but one thing is _______ that democracy is always a slow growth, whereasdictators may _____ to ______ and _______ a new _______ with dramatic success, under _______ conditions.
under _______ conditions.
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