If the Random Variability in a Time Series Is Great

question 12

True/False

If the random variability in a time series is great and exponential smoothing is being used to forecast, then a high alpha (α) value should be used.

---

Definitions:

Data Series

A collection of related data points or values that are usually displayed as part of a chart or graph.

Category Values

A set of specific, predefined data points used to label or group elements in a dataset, facilitating analysis and reporting.

Cell A1

The reference to the first cell in spreadsheet programs like Microsoft Excel, located at the intersection of the first row and the first column.

Cell B1

Refers to the cell located at the intersection of column B and row 1 in a spreadsheet.