Which of the Following Approaches Might Be Used to Determine

question 54

Multiple Choice

Which of the following approaches might be used to determine which value for the smoothing constant to use in a single exponential smoothing model?

• A) Select the value that produces the smallest MAD value
• B) Select the value that maximizes the MSE
• C) Use the value that gives the largest MAD value
• D) Use the value that smoothes the data the most

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Definitions:

Slave States

U.S. states prior to the Civil War where slavery was legally permitted and integral to the economy and society.

Texas Territory

A historical territorial area administered by the United States before Texas became a state in 1845.

Martin Van Buren

The eighth President of the United States (1837-1841), known for his role in the development of the American political party system.