Question: In exponential smoothing, what does the smoothing constant ( a ) represent? a . The level of sales in the base period b . The

In exponential smoothing, what does the smoothing constant (a) represent?
a. The level of sales in the base period
b. The rate of decline in demand
c. The weight given to the most recent actual demand
d. The accuracy of the model
In exponential smoothing, what does the smoothing constant (a) represent? a.

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