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As a Consultant, You Have Been Thinking About Choosing the "Right

question 33

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As a consultant, you have been thinking about choosing the "right" alpha (smoothing constant) for forecasting using exponential smoothing.Which of the following is most accurate about alpha?


Definitions:

Coal

A combustible black or brownish-black sedimentary rock made largely of carbon and hydrocarbons, used as a fossil fuel for producing energy.

Natural Gas

A fossil fuel used primarily for heating, cooking, and electricity generation, consisting mainly of methane.

Energy Resources

Various sources of usable energy, such as fossil fuels, nuclear, solar, wind, and hydroelectric power, that can be utilized to produce power.

United States

A country in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions, noted for its diverse geography and cultural wealth.

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