Question: For the same data, two sets of forecasts are made, one using exponential smoothing with alpha = 0.2 and the other with alpha = 0.8.

For the same data, two sets of forecasts are made, one using exponential smoothing with alpha = 0.2 and the other with alpha = 0.8.

With the higher value of alpha, the forecasts will:

Be more accurate

Not change much from period to period

Be more responsive to actual demand

Give less weight to the most recent period compared to other periods

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