Question: Repeat this forecast using different values of alpha. Try, for example, 0 . 1 , 0 . 5 and 0 . 9 . Look at
Repeat this forecast using different values of alpha. Try, for example, and Look at how the forecast behaves with each new value of alpha. What can you conclude from this?
a In the case of this calculator model, we must carefully select the value of alpha if we want to get the right forecast.
b In the case of this calculator model, we dont really need to pick an alpha value at all, since it plays no role in the forecast.
c In the case of this calculator model, the forecast does not seem to be very sensitive to the value of alpha.
d A smoothing average model seems to be the wrong choice for preparing a forecast for this model.
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