Which of the following statements about exponential smoothing forecasting model is true?

Group of answer choices

The exponential smoothing model is most useful when precise forecasts are required

The exponential smoothing model should be used only by hospitality businesses that experience seasonal sales patterns and no other sales trends

The exponential smoothing model is most useful when short$-$term forecasts are needed and it relies on more recent data than very early ones

The exponential smoothing model requires access to historical data for at least a five$-$year period