# Question

If α is set equal to 0 or 1 in the exponential smoothing expression, what happens to the forecast?

## Answer to relevant Questions

A company uses exponential smoothing with α = ½ to forecast demand for a product. For each month, the company keeps a record of the forecast demand (made at the end of the preceding month) and the actual demand. Some of ...Ivy University is planning to construct a new building for its engineering school. This project will require completing all of the activities in the above table. For most of these activities, a set of predecessor activities ...Reconsider Prob. 29.2-1. Suppose now that the given probabilities, 0.5 and 0.9, are replaced by arbitrary values, α and β, respectively. Solve for the steady-state probabilities of the state of the weather in terms of α ...A computer is inspected at the end of every hour. It is found to be either working (up) or failed (down). If the computer is found to be up, the probability of its remaining up for the next hour is 0.95. If it is down, the ...The state of a particular continuous time Markov chain is defined as the number of jobs currently at a certain work center, where a maximum of two jobs are allowed. Jobs arrive individually. Whenever fewer than two jobs are ...Post your question

0