Question: What is the implication of using a high smoothing factor ( close to 1 ) in exponential smoothing? What is the implication of using a

What is the implication of using a high smoothing factor (close to 1) in exponential smoothing?
What is the implication of using a high smoothing factor (close to 1) in exponential smoothing?
It makes the forecast less sensitive to recent changes in data.
It emphasizes older data more heavily in the forecast.
It reduces the impact of any trends in the data.
It gives more weight to recent demand data in the forecast.

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