--%>

Smoothing techniques or Exponential smoothing

Explain about the term smoothing techniques.

E

Expert

Verified

In this method smoothed average of some past observations are considered as, moving average and exponential smoothing average. This process is very inexpensive and cheap. But this cannot give accurate forecasts.

   Related Questions in Managerial Economics

  • Q : Illustrates the criteria for good

    Illustrates the criteria for good forecasting method?

  • Q : Marginal Product of Labor Diminishing

    Diminishing returns to labor or questions of monitoring and coordination start to overwhelm any gains by specialization and division of labor within this graph at: (1) point a. (2) point b. (3) point c. (4) point d (5) point e.

  • Q : Illustrates the term monetary policy

    Illustrates the term monetary policy?

  • Q : Explain the modern definition of

    Explain the modern definition of economics?

  • Q : Explain the accounting cost concept in

    Explain the accounting cost concept in brief.

  • Q : Income effect by personal supply of

    A personal supply of labor is exemplified by an income effect which dominates the substitution effect if: (w) Trina retires to a beach condo after working for the city for 42 years. (x) members of a rock band give up touring for a yea

  • Q : Attain new equilibrium in purely

    When this purely competitive labor market is primarily in equilibrium at D0L, S0L and after that excessive job safety standards are imposed through law, a new equilibrium will be attained at: (1) D0L, S0L. (

  • Q : Explain the meaning of Elasticity

    Explain the meaning of Elasticity?

  • Q : Problem on Occupational Crowding After

    After vacationing hundreds of restaurants, then a restaurant critic has concluded which in almost all the workers who clear tables and also wash dishes appear to be illegal aliens by Mexico. The critic has observed a phenomenon termed as: (1) marginalized labor. (2) t

  • Q : Economic Capital and Per Capita Income

    The Black Plague which killed millions of medieval Europeans probably mainly directly and instantly resulted in: (1) Greater trust on the mercantilist economic theory. (2) Higher standards of living for survivors. (3) More positive attitudes of early Christian theolog