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

---

Definitions:

Potential Buyers

Individuals or entities that have shown interest or possess the capability to purchase goods or services.

Lemons

In economics, a term used to describe a product of significantly lower quality than what was expected, particularly in the context of used vehicles.

Potential Buyers

Individuals or entities that show interest in purchasing a product or service but have not yet made the decision to buy.

Relative Measure

A comparative metric that evaluates a data point or performance outcome in relation to another baseline or standard.