When Using Exponential Smoothing,a Smoothing Constant Must Be Used

question 66

Multiple Choice

When using exponential smoothing,a smoothing constant must be used.The value for

• A)ranges between 0 and 1.
• B)ranges between -1 and +1.
• C)equals the largest observed value in the series.
• D)represents the strength of the association between the forecasted and observed values.

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Definitions:

Methanol

The simplest alcohol with the chemical formula CH3OH, often used as a solvent, antifreeze, or fuel.

Increasing Acidity

A term referring to the process or trend where the acidic strength of substances increases.

Probability Distribution

A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment.

Chance

The occurrence of events in the absence of any obvious intention or cause.