Explain, Briefly, Why, in the Exponential Smoothing Forecasting Method, the Larger

question 42

Essay

Explain, briefly, why, in the exponential smoothing forecasting method, the larger the value of the smoothing constant, α, the better the forecast will be in allowing the user to see rapid changes in the variable of interest.

---

Definitions:

Susceptibility

The likelihood or predisposition of an individual or group to be affected or influenced by a particular condition or disease.

Serious Illness

A health condition that poses a significant risk to an individual’s well-being, often requiring extensive medical treatment or hospitalization.

Health Benefits

The positive effects on physical and/or mental health that result from a particular action or activity, such as exercise or a healthy diet.

Moderate Exercise

Physical activity that is not too strenuous but sufficiently intense to improve cardiovascular health, endurance, and overall fitness.