A Parameter of the Exponential Smoothing Model That Provides the Weight

question 6

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 squared error.
• B) mean absolute error.
• C) smoothing constant.
• D) exponential estimate.

---

Definitions:

Stream of Commerce

The concept that goods are part of a continuous process from production to sale, affecting interstate and international trade laws.

Appellate Jurisdiction

The power of a court to review a case for errors.

U.S. Constitution

The supreme law of the United States, establishing the framework of national government and the fundamental rights and freedoms of Americans.

Plenary Review Jurisdiction

The comprehensive and complete power of a higher court to review decisions of a lower court.