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If a time series exhibits a clear, increasing trend over time, then a simple exponential smoothing technique for forecasting will produce forecasts that Multiple Choice
If a time series exhibits a clear, increasing trend over time, then a simple exponential smoothing technique for forecasting will produce forecasts that
Multiple Choice
are consistently lower than actual outcome.
are consistently higher than actual outcomes.
fail to account for forecast error.
move in the opposite direction of the trend.
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