A Smoothing Constant of

question 139

True/False

A smoothing constant of .1 will cause an exponential smoothing forecast to react more quickly to a sudden change than a value of .3 will.

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Definitions:

Sole Proprietorship

A type of enterprise that is owned and run by one person, where there is no legal distinction between the owner and the business entity.

Tax Purposes

Considerations or actions taken to comply with tax laws or to optimize tax liabilities and benefits.

General Partnership

A business arrangement where two or more individuals share ownership, profits, and liabilities of a business.

Pet Grooming

The practice of cleaning and hygienically caring for pets, often involving hair cutting, nail trimming, and bathing.