What does the in the exponential smoothing formula represent? What is it? How does the value
Fantastic news! We've Found the answer you've been seeking!
Question:
What does the α in the exponential smoothing formula represent? What is it? How does the value of α impact the forecast? When would you use a high value versus a low value?
Expert Answer:
Answer rating: 100% (QA)
Exponential smoothing is a time series forecasting method for univariate data Time series methods li... View the full answer
Posted Date:
Students also viewed these general management questions
-
What is a 4PL? When would you use a 4PL instead of a 3PL?
-
When would you use a stop-loss order?
-
What is a data validation rule? When would you use the Circle Invalid Data feature?
-
Comprehensive variance analysis review. Sonnet Inc. has the following budgeted standards for the month of March 2010: Sales of 2,000,000 units are budgeted for March. Actual March results are: Unit...
-
Find each of the following probabilities for a normal distribution. a. p(z1.25) b, p(z >0.60) c. Pz0.70) d. p( 1.30)
-
The z-axis carries a filamentary current 12 A along az. Calculate Vm at (4, 30, 2 ) if Vm = O at (10, 60, 7).
-
A square loop of wire \(1.00 \mathrm{~m}\) on a side is at rest and has a linear charge density of zero in the Earth reference frame. The loop lies in the \(x y\) plane of an \(x y z\) coordinate...
-
Prepare journal entries to record the following transactions of an Internal Service Fund: 1. Paid salaries of $10,000. Additional salaries accrued but not paid totaled $300. 2. Purchased equipment...
-
The Power of Trade and Comparative Advantage: Work It Out 3 ? Here's another specialization and exchange problem. This problem is wholly made-up, ? so that you won't be able to use your intuition...
-
Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible budget performance report showing variances between budgeted and actual results. (Indicate the effect...
-
The major forces shaping the business environment of the fixedline telecom industry are technology and government policy. The industry has been influenced by fiber optics (greatly increasing...
-
What percent of the total population is found between the mean and the z-score given in Problems 11-22? \(z=-2.22 \)
-
Begin by answering the following true-false questions. a. "Somebody once went to a good deal of trouble to find out if cigarette smokers make lower college grades than nonsmokers. It turns out that...
-
The graph in Figure 14.33 shows the salaries of the employees for a certain company. Figure 14. 33 Which of the following statements is true about the distribution? A. The mean is less than the mode....
-
In Problems 35-39, suppose that, for a certain mathematics class, the scores are normally distributed with a mean of 75 and a standard deviation of 8. The teacher wishes to give A's to the top \(6...
-
Investigate the work of Adolph Quetelet, Francis Galton, Karl Pearson, R. A. Fisher, and Florence Nightingale. Prepare a report or an exhibit of their work in statistics.
-
You have the following spot continuously compounded interest rates: Year Spot rate (continuously compounded) 1 2.00 2 2.10 3 2.20 4 2.30 5 2.40 What is the five-year par yield (expressed as an annual...
-
Halley's comet travels in an ellipti- cal orbit with a = 17.95 and b = 4.44 and passes by Earth roughly every 76 years. Note that each unit represents one astronomical unit, or 93 million miles. The...
-
Name three or more branches of Earth science, and describe the focus of each.
-
Where is lithosphere created? Where is it destroyed?
-
What are the large, interlocking pieces of lithosphere called?
Study smarter with the SolutionInn App