With reference to exponential forecasting models, a parameter that provides the weight given to the most recent time series valu
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Hello there! We are given the following equation and want to simplify it:
First, let's use the Distributive Property:
For this step, we are going to let:
After applying this version of the Distributive Property, we are given the equation:
We're going to use the distributive party again, but a slightly different version that's almost the same as first:
Using this on both terms of the equation changes the equation to:
Now, we just remove the parenthesis and combine like terms
This should be your answer. Let me know if you need any clarifications, thanks!
~ Padoru
