If a Time Series Appears to Contain a Substantial Irregular

question 3

True/False

If a time series appears to contain a substantial irregular element,we would use a small value for the smoothing constant α since we do not want to give too much weight to the most recent observation along.

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Definitions:

Values

Core beliefs or standards that guide behavior and decision-making in individuals or organizations.

Accurate

Correct, precise, or free from errors or defects.

Cent

A monetary unit in many countries, equal to one hundredth of the basic unit of currency.

Accurate

Describes a high level of correctness, diligence, and precision in measurement or information.