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What is Exponential Smoothing in Supply Chain about?

This document discusses exponential smoothing, a technique for forecasting time series data. Exponential smoothing places more emphasis on recent observations, weighting them more than older observations which decay exponentially over time. It provides a balance between reacting quickly to recent changes and considering historical patterns. The key aspects covered are: - Exponential smoothing weights observations differently than other methods, decreasing weights for older data. - It is controlled by a s

Author

suritata

Language

EN