When Using Exponential Smoothing, a Smoothing Constant Must Be

question 30

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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Scarcity

A situation in which available resources are insufficient to satisfy the wants and needs of people or the ecosystem.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for production processes.

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Products manufactured and bought to satisfy personal or household needs and wants, such as clothing, food, and electronics.

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Something that can be reached or obtained with little effort or difficulty, often used in the context of information, locations, or services.