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Exponential Smoothing Automate app for iPhone and iPad


4.8 ( 7648 ratings )
Business Finance
Developer: La Salle Software Group Inc.
29.99 USD
Current version: 1.0, last update: 4 years ago
First release : 29 Nov 2019
App size: 13.45 Mb

This application uses a forecasting methodology known as Exponential smoothing, in which the forecast for a period is based upon combining a percentage of the forecast for the previous period with the actual figures for that period. This percentage, called the smoothing constant, can take any value between 0 and 1, depending upon the weighting you wish to give the two factors. A value of 1 gives full weight to the actual data for the previous period, where as 0 gives full weight to the previous forecast. The constant is specified during the applications initialization phase.