Question: If we set alpha = 1 in an exponential smoothing model which of the following is true? Select one: a. Our forecasts are now completely

If we set alpha = 1 in an exponential smoothing model which of the following is true?

Select one:

a.

Our forecasts are now completely based on the data point from the previous time period.

b.

None of the other options are true.

c.

Our forecasts are now completely based on the data from all previous time periods.

d.

This setting for alpha makes no difference to our forecasts.

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