A Parameter of the Exponential Smoothing Model That Provides the Weight

question 1

Multiple Choice

A parameter of the exponential smoothing model that provides the weight given to the most recent time series value in the calculation of the forecast value is known as the _____.

• A) mean square error
• B) mean absolute deviation
• C) smoothing constant
• D) None of the answers is correct.

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Definitions:

Stimulus Generalization

The process by which a conditioned response becomes associated with stimuli that are similar but not identical to the original conditioned stimulus.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.

Heredity

The transmission of physical or mental traits from one generation to the next through genetics.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, encompassing both natural and built contexts.