When Using Exponential Smoothing, If You Want the Forecast to React

question 57

Multiple Choice

When using exponential smoothing, if you want the forecast to react quickly to movements in the series, you should choose:

• A) values of near 1
• B) values of near 0
• C) values of midway between 0 and 1
• D) the values based on the particular data set

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Definitions:

Nuremberg Trials

A series of military tribunals held after World War II to prosecute prominent leaders of Nazi Germany for war crimes, crimes against humanity, and genocide.

Conservative Agenda

Refers to political goals that emphasize traditional values, limited government, and free market principles.

Welfare State

A term that originated in Britain during World War II to refer to a system of income assistance, health coverage, and social services for all citizens.

Vietnamization

A policy of the Richard Nixon administration during the Vietnam War to end U.S. involvement in the war by expanding, equipping, and training South Vietnamese forces to take over combat roles.