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+1= At+(1-)Ft, where F represent the forecast, A represent the actual data, and the subscripts represent the periods.)
Question 15 options:
Setting to a value closer to 1
Setting to a value closer to 0
Setting to a value greater than 1
Setting to a negative value

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