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.

---

Definitions:

Skills

The abilities and expertise a person has acquired through training or experience to perform certain tasks.

Abilities

The skills and competencies that enable an individual to perform a particular task or job.

Top Executives

Individuals who hold the highest-tier managerial positions within a company, responsible for formulating strategies and policies.

Six Sigma

A data-driven approach and methodology for eliminating defects and improving quality in any process, from manufacturing to transactional and from product to service.