Question: Exponential smoothing is often employed to predict demand. The alpha factor is used to determine the amount of weight given to the most recent time

Exponential smoothing is often employed to predict demand. The alpha factor is used to determine the amount of weight given to the most recent time periods. Which of the following is FALSE?

Group of answer choices

As alpha approaches zero, exponential smoothing puts more weight on older periods of data.

Alpha should be set at a low value if there is a great deal of randomness in the data.

An alpha of .90 would put 90% of the weight on older data and 10% of the weight on the most recent data

Alpha can never be greater than 1

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