Question: 1. Describe in your own words the differences between cyclic and seasonal patterns of data. 2. An alpha ?- value = 0.2 will cause an

1. Describe in your own words the differences between cyclic and seasonal patterns of data.

2. An alpha ?-value = 0.2 will cause an exponential smoothing forecast to react more quickly to a sudden drop in demand than will an alpha ?-value = 0.4. Please provide your written response and explain your rationale.

*Please use different asnwer from the chegg because my friend already using it.

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