Asked by alexis nuara on May 26, 2024

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The trend corrected exponential smoothing (Holt's Model) forecast method is appropriate when

A) demand has observable trend or seasonality.
B) demand has no observable trend or seasonality.
C) demand has observable trend but no seasonality.
D) demand has no observable level or seasonality.

Trend Corrected Exponential Smoothing

A forecasting technique that adjusts exponential smoothing to account for trends in the data, enhancing prediction accuracy.

Holt's Model

A forecasting technique that extends exponential smoothing to allow the data to exhibit a trend.

Observable Trend

A pattern or movement in data over time that can be identified and analyzed to understand current movements and predict future developments.

  • Acquire knowledge about the diverse types of forecasting approaches and their properties.
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JK
Jeannine KocisJun 01, 2024
Final Answer :
C
Explanation :
Holt's Model, or trend corrected exponential smoothing, is specifically designed to forecast data with a trend but does not account for seasonality. It adjusts for both the level and the trend of the series, making it suitable for data with a trend but without seasonal patterns.