Question: In the exponential smoothing forecast model, choosing a higher value of alpha ( a ) will result in: A more smoothed forecast line A forecast
In the exponential smoothing forecast model, choosing a higher value of alpha a will result in:
A more "smoothed" forecast line
A forecast that more closely follows the actual demand pattern
A mean absolute deviation MAD forecast error that is less than a forecast with a lower alpha value
Less emphasis being placed on more recent actual demand data
Both a and d are correct
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
