Using the Exponential Smoothing Model for Forecasting,the Smoothing Constant Alpha

question 50

Multiple Choice

Using the exponential smoothing model for forecasting,the smoothing constant alpha determines the level of smoothing and:

• A)The slope of the growth curve
• B)The speed of reaction to differences between forecasts and actual results
• C)The intercept on the Y-axis
• D)The next forecast error
• E)A measure of forecast accuracy

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Definitions:

Super-Event

An exceptionally significant or large-scale event that has a profound impact on its participants or the surrounding environment.

Unique-Event

A one-of-a-kind occurrence or happening that is distinct from other events in its specificity or significance.

Marginal Cost

This is the additional cost of producing one more unit of a good or service.