Question

In your environment (business or personal), please give an application of exponential smoothing and WHY you would use only this technique.

In your environment (business or personal), please give an application of trend projection and WHY you would use only this technique.

In your environment (business or personal), please give an application of moving average and WHY you would use only this technique.

Answer 1

SOLUTION:-

1).In your environment (business or personal), please give an application of exponential smoothing and WHY you would use only this technique:-

• Exponential smoothing can be connected to time arrangement information.
• We utilize this strategy to deliver smoothed information for introduction, or to make conjectures.

2).In your environment (business or personal), please give an application of trend projection and WHY you would use only this technique:-

• Pattern projection can be utilized when numerical information are accessible.
• A pattern can be plotted on chart paper to demonstrate changes through time.

3).In your environment (business or personal), please give an application of moving average and WHY you would use only this technique:-

• Moving Average can be dissected a lot of information focuses by making a progression of midpoints of various subsets of the full informational index.