In the Exponential Smoothing Formula for Updating the Level of the Series

question 57

Multiple Choice

In the exponential smoothing formula for updating the level of the series, ,what does α represent?

• A)The weighted average of the exponentially declining weights.
• B)The speed of decline in the weights of older observations.
• C)The initial value of the time series.
• D)The last value of the time series.

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