#### Exponential Smoothing in Excel

Exponential Smoothing is a widely-used technique for forecasting time series data by applying a smoothing factor to the series. It’s particularly useful when you want to make short-term forecasts and your data has no clear trend or seasonal pattern. Excel provides a few methods for exponential smoothing, primarily through the use of the FORECAST.ETS function in recent versions or the Data Analysis Toolpak in older versions. Here’s how you can apply Exponential Smoothing in Excel: