Question: In exponential forecasting, as alpha decreases: the difference in successive values of a time series stay unchanged the differences between actual and forecast values increases

In exponential forecasting, as alpha decreases:

In exponential forecasting, as alpha decreases: the difference in successive values of a time series stay unchanged the differences between actual and forecast values increases older demand gets greater weight in the forecast newer demand gets greater weight in the forecast

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

What type of company was studied? What kind of product did they sell? What is their geographic reach? Why is demand forecasting in this business? What types of models did the author use? Please give...

Q:

The three major types of forecasts used by organizations in planning future operations are: A) strategic, tactical, and operational. B) economic, technological, and demand. C) exponential smoothing,...

Q:

informs Vol. 34, No. 3, May-June 2004, pp. 191-205 issn 0092-2102 \u0001 eissn 1526-551X \u0001 04 \u0001 3403 \u0001 0191 doi 10.1287/inte.1030.0068 2004 INFORMS Inventory Decisions in Dell's Supply...

Q:

Market Demand Forecast Method Selection and Application: A Case Study in Hero MotoCorp Ltd. D K Choudhury Abstract: In this dynamic era, the market is very competitive and the demand for a product...

Q:

Market Demand Forecast Method Selection and Application: A Case Study in Hero MotoCorp Ltd. D K Choudhury Abstract: In this dynamic era, the market is very competitive and the demand for a product...

Q:

Final Exam -- BMDS 3371 Spring 2015 1. Arcs in a project network indicate a. completion times. b. precedence relationships. c. activities. d. None of the alternatives above is correct. 2. Activities...

Q:

Below is a trend adjusted model fitted to quarterly revenues of a startup company selling PowerDrink, a new energy drink geared toward college millennials. Based on the data and model below, answer...

Q:

Below is a trend adjusted model fitted to quarterly revenues of a startup company selling PowerDrink, a new energy drink geared toward college millennials. Based on the data and model below, answer...

Q:

PROGRAMME HANDBOOK: JANUARY 2016 INTAKE ASSIGNMENT 2: HUMAN RESOURCES DEVELOPMENT Read the case study below and answer the questions that follow. National HRD in Finland, Russia, and South Africa...

Q:

Below is a trend adjusted model fitted to quarterly revenues of a startup company selling PowerDrink, a new energy drink geared toward college millennials. Based on the data and model below, answer...

Q:

Read the case study Dick's Sporting Goods and Answer the following questions. 1. Why did Dicks decide to leave eBay and take over its own e-commerce operations? 2. What is Dicks omnichannel strategy?...

Q:

a. Develop a generic Hasse diagram for a split- plot design with two whole-plot factors and one split-plot factor: Whole- plot factor A has a levels (i = 1, 2, c, a). Whole- plot factor B has b...

Q:

The following budget information available for the Arch Company for January Year 2 Sales $ 9 3 0 , 0 0 0 6 1 0 , 0 0 0 Cost of goods sold 4 , 2 0 0 Utilities expense 1 7 0 , 0 0 0 5 % of sales...

Q:

Please help with parts a,b and c 5. An electric doorbell requires a 12 V, 60 Hz ac supply. (a) What turn ratio is required on a transformer to operate from a 120 V, 60 Hz ac supply? (b) Is this a...