Question: You are using exponential smoothing to forecast demand. For September, suppose you forecasted 165 units and actually sold 178 units. You culently are using an

You are using exponential smoothing to forecast demand. For September, suppose you forecasted 165 units and actually sold 178 units. You culently are using an exponential smoothing forecast with a smoothing constant of 0.2. For this situation, increasing the alpha value would have what effect on the October forecast? You would be de-emphasizing the impact of the error term The forecast would decrease The forecast will remain constant The forecast would increase

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