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If you really want to know about exponential smoothing
(it has a lot more application than just the "moving average"
thing) then try to find:
Smoothing, Forecasting and Prediction of Discrete Time Series
by: Robert Goodell Brown
The one I have was published by Prentice-Hall in 1963 and had
a Library of Congress Catalog Card Number 63-13271.
Professor Brown has published other works in this area also.
Clyde Lee
----- Original Message -----
From: "Mark Jurik" <mark@xxxxxxxxxxxx>
To: "'Omega List'" <Omega-list@xxxxxxxxxx>
Sent: Thursday, September 28, 2000 6:04 PM
Subject: RE: Exponential moving average
> >> If you chart a 9 period simple, and a 9 period exponential on the
same price chart, the exponential very clearly
> makes its turns sooner than the simple MA. If this is not showing
thatthe exponential MA has less lag than the simple MA, what is it
showing?
> <<
>
> The SMA has more "inertia" than the EMA. Consequently, it takes
longer to respond to reversals. As the cycles speed up, SMA will lag
further behind EMA. However, on straight trends (no cycles), the lags
are the same.
>
> - mark jurik
>
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