Suppose that in the simple exponential smoothing method, the smoothing constant a is set equal to 1.
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Suppose that in the simple exponential smoothing method, the smoothing constant a is set equal to 1. What forecasts will result?
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The forecast for the next period when the smoothing constant is set to 1 will be the same as the mos...View the full answer
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Related Book For
Statistics For Business And Economics
ISBN: 9781292315034
9th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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