Exponential Smoothing Uses a Feedback Control Mechanism Because ________

question 14

Multiple Choice

Exponential smoothing uses a feedback control mechanism because ________.

• A) α is less than 1
• B) calculations are based on modifying the previous smooth value
• C) the calculation contains the forecast error
• D) the weights given to past data are exponentially distributed

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Definitions:

Total Area

The sum of all areas covered by a given shape or surface.

Normally Distributed

Describes a distribution that is symmetric around the mean, bell-shaped, and characterized by its mean and standard deviation.

Mean

The average value of a set of numbers, computed by dividing the sum of these numbers by the count of numbers in the set.

Median

The middle value in a list of numbers, which separates the higher half from the lower half of the dataset.