Selecting a Small Value for the Smoothing Constant $\alpha$ )In Exponential Smoothing Results in
A) More Importance Being Placed

question 5

Multiple Choice

Selecting a small value for the smoothing constant ( $\alpha$ ) in exponential smoothing results in

• A) more importance being placed on the exponentially smoothed value from the previous period.
• B) more importance being placed on the actual y value for the current time period.
• C) a more accurate forecast.
• D) a less accurate forecast.

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Definitions:

Guarded

Involving careful and cautious behavior or actions.

Addressing Ambivalence

The act of recognizing and dealing with mixed feelings or contradictory attitudes towards a decision or change.

Overt and Covert Messages

Direct and openly communicated messages (overt) versus hidden or subtly delivered messages (covert).

Cohesive

Characteristic of a group or material that sticks together well or is united in pursuit of common objectives.