Question: The error - correction form of the simple exponential smoothing model states that if the current forecast Multiple Choice error was zero, the current forecast

The error-correction form of the simple exponential smoothing model states that if the current forecast
Multiple Choice
error was zero, the current forecast could be used to forecast next period's level.
overstated the actual level, the forecast of the level next period will be revised downward.
All of the options are correct.
understated the actual level, the forecast of the level next period will be revised upward.
The error-correction form of the simple exponential smoothing model states that

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