What does adaptive exponential smoothing mean?

adaptive exponential smoothing meaning in Law Dictionary

prediction techinique that utilizes regular variants. The variants become a coefficient and it is placed on the calculations in company. It's a long version of exponential smoothing.

adaptive exponential smoothing meaning in Business Dictionary

Statistical forecasting method that takes seasonal variants into consideration through a coefficient. This coefficient is allowed to fluctuate with time to mirror considerable alterations in the pattern of the activity or event being studied. Adaptive exponential smoothing is a prolonged type of exponential smoothing.