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Exponential Smoothing uses Alpha, Scatter plots to find Trend, Trend can be Positive, Trend can be Negative, Stationary? Yes Then use forecasting techniques, Cyclic depends on Economic conditions, Trend is it Stationary?, Then use forecasting techniques select based on MSE, Alpha which lies between 0 and 1, Exponential Smoothing whose basis is Most recent data is more important, Negative predicted by Regression analysis, Moving average treats All the data equally, Then use forecasting techniques like Moving average, Then use forecasting techniques like Weighted moving average, Then use forecasting techniques like Exponential Smoothing, Cyclic which is Not predictable, Cyclic has A cycle of many years, Positive predicted by Regression analysis, Seasonal explained by finding Seasonal indices, Seasonal depends on Seasons, society, Seasonal period of variation Smaller than a year, Forecasting prepare Scatter plots, Stationary? No Analyse components, Moving average based on n, Analyse components which are Random, Analyse components which are Cyclic, Analyse components which are Trend, Analyse components which are Seasonal, Random which cannot be Predicted