A Forecasting System That Changes the Value of the Alpha

question 39

Multiple Choice

A forecasting system that changes the value of the alpha parameter in response to the level of forecast error is known as:

• A)A tracking signal.
• B)A trend-enhanced exponential smoothing model.
• C)A causal regression.
• D)A time series model.
• E)An adaptive model.

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Definitions:

Surveillance System

An integrated system designed to monitor and collect data on activities or changes in an area or environment, often used for security purposes.

Marginal Cost

The cost of producing one additional unit of a good or service, crucial for decision-making in production and pricing strategies.

Fixed Cost

Costs that do not change with the amount of goods or services produced, such as rent, salaries, and loan payments.

Variable

A variable represents any quantity, factor, or feature that can vary or change in mathematical modeling, statistics, and scientific experiments, influencing results or outcomes.