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Saturday, October 1, 2011

Forecasting-Exponential Smoothing Handout

Exponential Smoothing
  • Form of weighted moving average
  1. Weights decline exponentially 
  2. Most recent data weighted most
  • Requires smoothing constant 
  1. Ranges from 0 to 1
  2. Subjectively chosen
  • Involves little record keeping of past data

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