Exponential smoothing for mean, variance, and covariance (Excel)
Sometimes when using a large sample of historical data, you might want to place more weight on more recent observations. Exponential smoothing is a go-to technique for such application. Today we are discussing the concepts and the logic behind the exponential smoothing procedure and its implementation in Excel.
Don't forget to subscribe to NEDL and give this video a thumbs up for more videos in Statistics!
Please consider supporting NEDL on Patreon: / nedleducation