> [!tldr]
>
> Exponential smoothing is a family of time series forecasting that use simple update equations.
The most basic model is [[Simple Exponential Smoothing|simple exponential smoothing (SES)]], using exponentially decaying weights for non-seasonal, stationary time series.
[[Holt-Winters Procedure|Holt-Winters procedure]] extends the SES to handle trends and seasonality.