Asked by Carrie Steel on Jun 06, 2024
Verified
The Holt-Winters multiplicative model differs from the Holt-Winters additive model in that the Holt-Winters multiplicative model ________.
A) is synonymous to the double exponential smoothing forecast model
B) is synonymous to the single exponential smoothing forecast model
C) applies to time series with relatively stable seasonality
D) applies to time series whose amplitude increases or decreases over time
Holt-Winters Multiplicative Model
A forecasting technique that models time series data with seasonal variations using a multiplicative method to capture trend and seasonality.
Holt-Winters Additive Model
A mathematical approach for time series forecasting that accounts for trends and seasonality, using addition for seasonal effects.
Seasonality
The occurrence of variations that are predictable and repeat over a specific period within a year, often seen in industries like retail and agriculture.
- Comprehend the distinctions between the Holt-Winters additive and multiplicative methods.
Verified Answer
Learning Objectives
- Comprehend the distinctions between the Holt-Winters additive and multiplicative methods.
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