exponential smoothing

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exponential smoothing

[‚ek·spə′nen·chəl ′smüth·iŋ]
(industrial engineering)
A mathematical-statistical method of forecasting used in industrial engineering which assumes that demand for the following period is some weighted average of the demands for the past periods.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

exponential smoothing

A widely used technique in forecasting trends, seasonality and level change. Works well with data that has a lot of randomness.
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