Question: Increasing the value of alpha ( alpha ) in an exponential smoothing model would produce which of the following results? Multiple Choice Reduce the

Increasing the value of alpha (\alpha ) in an exponential smoothing model would produce which of the following results?
Multiple Choice
Reduce the influence of more recent demands in computing future forecasts
Reduce the amount of data that needs to be stored to support the forecasting process
Increase the sensitivity of the forecast process to recent changes in demand
Reduce the ability of the forecast process to respond to seasonality in demand

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