Question: When creating a forecast with exponential smoothing, explain why you would want the alpha smoothing constant to be set at 0.3? It would force the

When creating a forecast with exponential
When creating a forecast with exponential smoothing, explain why you would want the alpha smoothing constant to be set at 0.3? It would force the forecast to increase by 333% It would force the forecast to decrease by 333% The forecast would change by a small amount, which smooths the erratic nature of the actual demand. The forecast would change by a large amount which would not smooth actual demand. 0.3 would keep the forecast the same as the previous month

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