Question: What is the average error of the Exponential Smoothing forecast with = 0 . 3 ? 1 0 . 5 1 4 . 2 0
What is the average error of the Exponential Smoothing forecast with
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pts
The average error for the Exponential Smoothing forecast is positive. This implies:
The forecast is consistently above realized demand
The forecast is neither consistently above nor consistently below realized demand
The forecast is consistently equal to realized demand
The forecast is consistently below realized demand
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