Which statement is NOT true about the exponential smoothing forecasting model? S

Question

Which statement is NOT true about the exponential smoothing forecasting model?

Select one:
a. The exponential smoothing model incorporates all available time series data in the forecast.
b. The exponential smoothing model requires a data set that is mostly all outliers.
c. Unlike the moving average model, data values are not all weighted equally using the exponential smoothing model.
d. The exponential smoothing model is best suited for forecasting time series without a strong seasonal variation.

Explanation / Answer

correct option:- (b)

The exponential smoothing model requires a data is mostly all outliers.

Because, Exponential smoothing models do not forecast well when the time series pattern (e.g., level of sales) is suddenly, drastically, and permanently altered by some event or change of course or action.

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