Increasing the Value of Alpha (α)In an Exponential Smoothing Model

question 14

Multiple Choice

Increasing the value of alpha (α) in an exponential smoothing model would produce which of the following results?

• A)Reduce the influence of more recent demands in computing future forecasts
• B)Reduce the amount of data that needs to be stored to support the forecasting process
• C)Increase the sensitivity of the forecast process to recent changes in demand
• D)Reduce the ability of the forecast process to respond to seasonality in demand

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Definitions:

Caffeine Intake

The consumption of caffeine, a stimulant found in coffee, tea, and other beverages, which can have various effects on the body and mind.

Body Temperature

The measure of the body's ability to generate and get rid of heat, reflecting the balance between heat production and heat loss.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, often used recreationally for its euphoric effects.

Amphetamine Use

The consumption of stimulant drugs known to increase alertness, concentration, and often euphoria.