Question: For exponential smoothing models, the (alpha) parameter changes : the accuracy of the model. A larger alpha is more accurate for smaller datasets while a
For exponential smoothing models, the (alpha) parameter changes :
- the accuracy of the model. A larger alpha is more accurate for smaller datasets while a smaller alpha is more accurate for larger datasets.
- the accuracy of the model. A larger alpha is more accurate for larger datasets while a smaller alpha is more accurate for smaller datasets.
- the responsiveness of the model. A larger alpha emphasises the long term trend, while a smaller alpha emphasises the most recent data.
- the responsiveness of the model. A larger alpha emphasises the most recent data, while a smaller alpha emphasises the long term trend.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Study Help