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:

Delirium

An acute and often fluctuating mental disorder characterized by confusion, disturbed concentration, and cognitive dysfunction.

Conservatorship

A legal concept where a court appoints an individual or organization to manage the financial and personal affairs of another due to physical or mental limitations.

Delusions

False beliefs held with strong conviction despite superior evidence to the contrary, commonly observed in psychiatric conditions such as schizophrenia.

Acetylcholine

A neurotransmitter that plays a significant role in the peripheral and central nervous systems, involved in muscle activation, memory formation, and learning.