question archive If, when using simple exponential smoothing to make a forecast, the preference is to place more weight on the most recent data point, which of the following actions is correct regarding the setting of the smoothing factor (alpha)? (The formula for simple exponential smoothing follows F(t) = F(t-1) + α (A(t-1) - F(t-1)), where F(t) and F(t-1) represent the forecasts for periods t and t-1, and A(t-1) represents the actual data for period t-1
If, when using simple exponential smoothing to make a forecast, the preference is to place more weight on the most recent data point, which of the following actions is correct regarding the setting of the smoothing factor (alpha)? (The formula for simple exponential smoothing follows F(t) = F(t-1) + α (A(t-1) - F(t-1)), where F(t) and F(t-1) represent the forecasts for periods t and t-1, and A(t-1) represents the actual data for period t-1
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If, when using simple exponential smoothing to make a forecast, the preference is to place more weight on the most recent data point, which of the following actions is correct regarding the setting of the smoothing factor (alpha)?
(The formula for simple exponential smoothing follows F(t) = F(t-1) + α (A(t-1) - F(t-1)), where F(t) and F(t-1) represent the forecasts for periods t and t-1, and A(t-1) represents the actual data for period t-1.)
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Setting alpha to a value closer to 1 |
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Setting alpha to a value greater than 1 |
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Setting alpha to a negative value |
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Setting alpha to a value closer to 0 |
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