Question: For simple exponential smoothing with small smoothing constant , which of the following statements are correct: Group of answer choices The forecast is more stable

For simple exponential smoothing with small smoothing constant , which of the following statements are correct: Group of answer choices The forecast is more stable compared to when is large. The forecast is more responsive compared to when is large

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Given the following actual and forecast demand of a product, use simple exponential smoothing with a smoothing constant, alpha = 0.6 to update the forecast. Choose the closest number if needed. Week...

Q:

Given the following actual and forecast demand of a product, use simple exponential smoothing with a smoothing constant, alpha = 0.6 to update the forecast. Choose the closest number if needed. Week...

Q:

Given the following actual and forecast demand of a product, use simple exponential smoothing with a smoothing constant, alpha = 0.6 to update the forecast. Choose the closest number if needed. Week...

Q:

Market Demand Forecast Method Selection and Application: A Case Study in Hero MotoCorp Ltd. D K Choudhury Abstract: In this dynamic era, the market is very competitive and the demand for a product...

Q:

Market Demand Forecast Method Selection and Application: A Case Study in Hero MotoCorp Ltd. D K Choudhury Abstract: In this dynamic era, the market is very competitive and the demand for a product...

Q:

I have questions on "Chapter 17 Time Series Analysis and Forecasting. The questions is in the attachment; that are problem number 29 and 30 (it is on last three pages, not the multiple choice...

Q:

I have questions on "Chapter 17 Time Series Analysis and Forecasting. The questions is in the attachment; that are problem number 29 and 30 (it is on last three pages, not the multiple choice...

Q:

CHAPTER 17TIME SERIES ANALYSIS AND FORECASTING MULTIPLE CHOICE 1. Which of the following is not present in a time series? a. seasonality b. operational variations c. trend d. cycles ANS: B PTS: 1...

Q:

4 The the Problem 6: Given the forecast demand and actual demand for 10-foot fishing boats, compute the tracking signal and MAD. Year Forecast Actual Demand Demand 1 78 71 2 75 80 3 83 101 84 84 4 5...

Q:

Read the case study below and answer all questions that follow. Love it or hate it, IKEA is the most successful furniture retailer ever. With 276 stores in 36 countries, they have managed to develop...

Q:

The histographic results of steady load tests on 237 rolling-contact bearings are: Where L is the life in millions of revolutions and f is the number of failures. Fit a lognormal distribution to...

Q:

Give a brief description about your project motivation and objectives and your abstract methodology followed to achieve your objective(s) b-The following five steps are typically followed to build a...

Q:

the risk - free rate of return is 3 . 4 percents and the market risk premium is 1 0 percent

Q:

Dr. Lillian Fok, a New Orleans psychologist, specializes in treating patients who are agoraphobic (i.e., afraid to leave their homes). The following table indicates how many patients Dr. Fok has seen...

Q:

4. In what way will relationships in a system influence what is reported?

Q:

3. Mention three examples where you distorted information that you had taken from your memory and where others made you aware of the fact that you had distorted the information. Did it create a...

Q:

4. Think of two units of information you have received during the course of the day. Connect these two units of information and try to create completely new information that did not exist in the...