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How should the correct smoothing factors be chosen

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Reference no: EM131718085

Question: Exponential smoothing is meant to be used with time-series data when the data are made up of some or all of the basic components of average, trend, seasonality, and error. If the data series only fluctuates about an average with no trend and no seasonality, which form of smoothing would you employ? If the data include all of these components, which form of smoothing would you employ? How should the correct smoothing factors be chosen?

Reference no: EM131718085

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