Asked by Justin Paquet on May 11, 2024
Verified
The Holt-Winters additive model is based on the equation ________.
A) Ft + 1 = at + bt + St - s - 2
B) Ft + 1 = at + bt + St - s + 1
C) Ft + 1 = at - 2 + bt + St - s - 2
D) Ft + 1 = at + bt -1 + St - 2
Holt-Winters Additive Model
A forecasting technique that captures seasonality, trend, and level in time series data, adding them together for prediction.
Exponential Smoothing
It is a rule of thumb technique for smoothing time series data using the exponential window function.
Additive Model
A statistical model where the effect of variables is linear and additive, assuming each variable contributes a separate and additive amount to the final outcome.
- Insight into the exponential smoothing model, highlighting the simple and double exponential smoothing approaches.
Verified Answer
Learning Objectives
- Insight into the exponential smoothing model, highlighting the simple and double exponential smoothing approaches.
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