Question: In exponential smoothing method, when the value of 'alpha' is decreased ( closer to 0), the new forecast F(t) becomes closer to old forecast, F(t-1)
In exponential smoothing method, when the value of 'alpha' is decreased (closer to 0), the new forecast F(t) becomes closer to
| old forecast, F(t-1) | ||
| the average of two previous forecasts, F(t-1) and F(t-2) | ||
| previous actual amount, A(t-1) | ||
| the new actual amount, A(t) |
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