Question

Exponential smoothing models require minimal data storage.
A. True
B. False

Answer 1

True ,Exponential smoothing models do not require a large amount of data storage because they only use a limited number of past observations.

Step-by-step explanation:

Exponential smoothing models are a forecasting technique used in time series analysis.

They do not require a large amount of data storage because they only use a limited number of past observations to make predictions for the future.

The technique involves assigning different weights to past observations, with more recent observations given higher weights.

This allows the model to automatically adapt to changes in the data over time.