Question: Which statement is correct regarding forecasting using an exponential smoothing model? Multiple Choice When data have an upward trend, the forecasts will have an upward

Which statement is correct regarding forecasting using an exponential smoothing model?
Multiple Choice
When data have an upward trend, the forecasts will have an upward bias.
Increasing \alpha will typically increase the forecast accuracy.
A model with low \alpha is more responsive to new data than a model with high \alpha .
As \alpha increases, more weight is put on recent data.

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