exponential smoothing
Definition
Statistical technique for detecting significant changes in data by ignoring the fluctuations irrelevant to the purpose at hand. In exponential smoothing (as opposed to in moving averages smoothing) older data is given progressively-less relative weight (importance) whereas newer data is given progressively-greater weight. Also called averaging, it is employed in making short-term forecasts. The 'wait-and-see' attitude to changes around them is the intuitive way people employ exponential smoothing in their daily living.
exponential smoothing is in the Statistics, Mathematics, & Analysis subject.
exponential smoothing appears in the definitions of the following terms: adaptive exponential smoothing, trend extrapolation, time series analysis (TSA), forecasting, smoothing, trend line and averaging
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