Exponential Smoothing Notes: Definitions & Explanations PDF | Download eBooks
Study Exponential Smoothing lecture notes PDF with supply chain management definitions and explanation to study What is Exponential Smoothing?. Study exponential smoothing explanation with SCM terms to review supply chain management course for online MBA programs.
Exponential Smoothing Definition:
A weighted-moving-average forecasting technique in which data points are weighted by an exponential function.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Exponential Smoothing Notes:
Changes occur in the data when the firms ignore the fluctuations that are not relevant to the purpose. It is somehow opposed moving average by giving lesser weight to the older data and more weight to the new data. This method is used for the short term forecasting and also known as averaging.
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