Which of the following is not true about Exponential Smoothing's alpha? The closer alpha is to...
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Which of the following is not true about Exponential Smoothing's alpha? The closer alpha is to one, the more data points it uses in the forecast. It denotes importance of the past error. It determines how much the error alters the next prediction. A large alpha means the forecast is reactive. Which of the following is not true about Exponential Smoothing's alpha? The closer alpha is to one, the more data points it uses in the forecast. It denotes importance of the past error. It determines how much the error alters the next prediction. A large alpha means the forecast is reactive.
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