Question: The level smoothing constant ( alpha ) of the simple exponential smoothing model Group of answer choices should have a value closer to zero,

The level smoothing constant (\alpha ) of the simple exponential smoothing model
Group of answer choices
should have a value closer to zero, the greater the revision in the current forecast given the current forecast error.
should have a value closer to one, the greater the revision in the current forecast given the current forecast error.
should have a value close to one if the underlying data is relatively erratic.
should have a value close to zero if the underlying data is relatively smooth.

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