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Dominic Boamah
on Oct 28, 2024

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If a time series has a trend and seasonality,the simple exponential smoothing model is the most appropriate model to be used for forecasting.

Simple Exponential Smoothing Model

A forecasting technique that applies smoothing constants to previous observations, typically used for time series data without trend or seasonality.

Trend

A general direction in which something is developing or changing, often identified in data analysis or market movements.

Seasonality

The occurrence of variations that repeat at specific regular intervals less than a year, often influenced by the calendar or weather.

  • Ascertain suitable forecasting models by examining the time series for its trend and seasonal attributes.
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TSHEPISO MOLLOOct 31, 2024
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