Under what conditions would you prefer a simple exponential smoothing model to the moving averages method for forecasting a time series?
1. Under what conditions would you prefer a simple exponential smoothing model to the moving averages method for forecasting a time series? 2. Suppose that monthly data on some time series variable exhibit obvious seasonality. Can you use moving averages, with any appropriate span, to track the seasonality well? Explain why or why […]