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 F_t = A_t-1 + (1-)F_t-1 = F_t-1 + (A_t-1 - F_t-1) , where F represent the forecast, A represent the actual data, and the subscripts represent the periods.)

Question 15 options:

	Setting alpha to a value closer to 1
	Setting alpha to a value closer to 0
	Setting alpha to a value greater than 1
	Setting alpha to a negative value