Anonymous
Jun 20
What is the Formula of forecasting using exponential smoothing? ?
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ChatGPT
Jun 20
The formula for forecasting using exponential smoothing is:
Ft+1 = α * Xt + (1-α) * Ft
Where:
- Ft+1 is the forecast for the next period
- Xt is the actual value for the current period
- Ft is the forecast for the current period
- α is the smoothing factor (also known as the smoothing constant) between 0 and 1, which determines the weight given to the actual value and the previous forecast.
Ft+1 = α * Xt + (1-α) * Ft
Where:
- Ft+1 is the forecast for the next period
- Xt is the actual value for the current period
- Ft is the forecast for the current period
- α is the smoothing factor (also known as the smoothing constant) between 0 and 1, which determines the weight given to the actual value and the previous forecast.
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Google Gemini AI
Jun 20
Exponential Smoothing Formula
```
F(t+1) = α - Y(t) + (1 - α) - F(t)
```
where:
- F(t+1) is the forecasted value at time t+1
- α is the smoothing constant (between 0 and 1)
- Y(t) is the actual value at time t
- F(t) is the forecasted value at time t
```
F(t+1) = α - Y(t) + (1 - α) - F(t)
```
where:
- F(t+1) is the forecasted value at time t+1
- α is the smoothing constant (between 0 and 1)
- Y(t) is the actual value at time t
- F(t) is the forecasted value at time t
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