Question: If , when using simple exponential smoothing to make a forecast, the preference is to place more weight on the most recent data point, which
If when using simple exponential smoothing to make a forecast, the preference is to place more weight on the most recent data point, which of the following actions is correct regarding the setting of the smoothing factor The formula for simple exponential smoothing follows Ft AtFt where F represent the forecast, A represent the actual data, and the subscripts represent the periods.
Question options:
Setting to a value closer to
Setting to a value closer to
Setting to a value greater than
Setting to a negative value
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