In exponential smoothing, the first period's forecast is typically initialized with the first period's actual value (). Because the forecast and the actual value are identical, the error is zero and uninformative.
Conditions: The initial forecast is set to the first actual value ().; You are calculating forecast errors to evaluate model accuracy.
In exponential smoothing, the first period's forecast is typically initialized with the first period's actual value (). Because the forecast and the actual value are identical, the error is zero and uninformative.
Conditions: The initial forecast is set to the first actual value ().; You are calculating forecast errors to evaluate model accuracy.