Question: Using exponential smoothing, if we want forecasts to be very responsive to recent demand, the value of alpha should be Group of answer choices alpha
Using exponential smoothing, if we want forecasts to be very responsive to recent demand, the value of alpha should be
Group of answer choices
alpha needs to be lower than
small
the value of alpha does not matter
large
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
