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Exponential Smoothing is the most common method of forecasting is the most used of all techniques according to the textbook. Discuss some of the reasons why you believe it is the most commonly used method

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Mona0991

Answer:

Reasons for employing Exponential Smoothing

  • It facilitates a more efficient process to develop inventory while putting into use of a properly standardized data set.
  • It is quite easy to learn and further more applied in business and economics.
  • It gives a greater chance of generating accurate forecasts.
  • It provides significance to fresh/new observations.

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