Question: If a company using exponential smoothing to forecast demand decides to increase the smoothing parameter used for future forecasts, this means: Their future forecasts will
If a company using exponential smoothing to forecast demand decides to increase the smoothing parameter used for future forecasts, this means:
Their future forecasts will have more error
Their future forecasts will be more based on forecasted demand
None of the other choices
Their future forecasts will be more based on actual demand
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