In the Simple Exponential Smoothing Forecasting Model, You Need at Least

question 36

True/False

In the simple exponential smoothing forecasting model, you need at least 30 observations to set the smoothing constant alpha.

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Definitions:

Computational Formula

Formula that is an algebraic manipulation of a definitional formula designed to minimize the complexity of mathematical calculations.

Variance

The average of the squared differences from the Mean, a statistical measurement of the spread between numbers in a data set.

Computational Formula

A formula used to compute statistical measures that often simplifies the arithmetic process.

Variance

A measure of the dispersion or how spread out numbers are in a dataset.