Question $2(3$ points$)$

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If a firm produced a product that was experiencing growth in demand, the smoothing constant alpha $($reaction rate to differences$)$ used in an exponential smoothing forecasting model would tend to be which of the following?

a$)$ A very low percentage, less than $10\%$

b$)50\%$ or more

c$)$ The more rapid the growth, the higher the percentage

d$)$ Close to zero