Start learning 50% faster. Sign in now
Holt’s Linear Trend Model is designed specifically for time series data that exhibit a consistent trend without seasonal variations. This method extends simple exponential smoothing by adding a trend component, allowing it to capture upward or downward patterns over time effectively. It uses two smoothing equations: one for the level and another for the trend, making it highly suited for data where trend persists but no seasonal pattern exists. This targeted approach enables accurate forecasting of data that steadily increases or decreases, such as population growth or steady economic indicators. The other options are incorrect because: • Option 1 (Simple Moving Average) smooths data but does not account for trends. • Option 3 (Holt-Winters Seasonal Model) includes seasonal adjustment, unnecessary for non-seasonal data. • Option 4 (ARIMA) models trends and seasonality but can be overly complex for simple trends. • Option 5 (STL) is primarily for decomposition, best suited for data with both trend and seasonality.
Below are two statements given, where one is a statement (A) and the other is a reason (R). Choose the correct option from the codes below:
State...
The famous Capitol Complex, the UNESCO World Heritage Site is located in which State/UT of India?
Who among the following played the leading lady in the film 'Mission Mangal' that tells the dramatic true story of the women behind India's first missio...
Who invented the telephone?
The Murlen National Park (MNP) is located in which state?
Who will take over as the governor of Norway's Central Bank?
.In INDIA, the minimum denomination in which Treasury Bills can be issued is ____________
In the context of the first crop season, which of the following statements is correct?
1. The first crop should be sown after the first rainfall,...
Which of the following is known as the brain of the Computer System?
In which year were the Operation Shakti nuclear tests conducted by India?