The _______ is a commonly used statistical method in time series to predict future values based on previously observed values.
- Correlation
- Exponential Smoothing
- Moving Average
- Regression Analysis
The blank is filled with "Exponential Smoothing." Exponential smoothing is a widely used statistical method in time series analysis to predict future values by assigning different weights to past observations, with more recent values receiving higher weights. This technique is particularly useful for forecasting when there is a trend or seasonality in the data.
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