An advantage of the exponential smoothing forecasting method is that more recent experience is given more weight than less recent experience is TRUE.
Exponential smoothing produces correct forecasts. Forecasts produced using this technique are correct and reliable and they are expecting for the following duration. The forecast shows projected call for and real demand. This lets in demand making plans to be done efficaciously, consequently ensuing in correct inventory tiers.
Exponential smoothing is a time collection forecasting approach for univariate statistics that can be prolonged to assist statistics with a systematic trend or seasonal factor. it's far a powerful forecasting technique.
The exponential smoothing technique takes this under consideration and allows for us to plot stock more efficiently on a greater relevant basis of new records. any other gain is that spikes in the information aren't quite as adverse to the forecast as previous strategies. A widely favored magnificence of statistical techniques and techniques for discrete time series facts, exponential smoothing is used to forecast the on the spot future.
Learn more about exponential smoothing here:-https://brainly.com/question/6991280
#SPJ4
