“…EWMA, a time series filtering method based on weighted averaging, assigns a larger weight to the most recent data points and a smaller weight to the historical data points, thus effectively eliminating noise and random variations. EWMA has found wide application in the filtering of data (Roberts,
2000; Santiprapan et al.,
2021). The formula for EWMA is as follows:
In the formula, X t denotes the t th data point, EWMA t ‐1 denotes the EWMA value at the previous time point, α , called the smoothing coefficient, usually takes a value ranging from 0 to 1 (Lin et al.,
2013).…”