Question
Which one of the following statements is a similarity between how time series decomposition and Winters exponential smoothing deal with seasonality. Multiple Choice In either
Which one of the following statements is a similarity between how time series decomposition and Winters exponential smoothing deal with seasonality.
Multiple Choice
In either model, the sum of the seasonal indices will equal a portion of the number of periods represented per year in data based on the period reviewed.
Both models deal with seasonality in a non-multiplicative manner.
Each method gives you an index of how each period compares to the average period for the year.
In both models, an index above one indicates a low period while an index below one indicates a high period.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started