When Using Holt's Model,choosing Values of the Smoothing Constant

question 98

Multiple Choice

When using Holt's model,choosing values of the smoothing constant that are near 1 will result in forecast models which

• A)react very quickly to changes in the level
• B)react very quickly to changes in the trend
• C)react very quickly to changes in the level and the trend
• D)react very slowly to changes in the level and the trend

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Definitions:

Initiating Structure

A leadership behavior focusing on defining roles, setting goals, and establishing clear guidelines for team or organizational performance.

Leadership Behavior

Leadership behavior refers to the actions, attitudes, and approaches exhibited by a leader to influence the motivation and performance of others.

Centralization

The accumulation of decision-making power at the higher echelons of an organization or system.

Initiating Structure

A leadership behavior characterized by clearly defining and organizing work roles and tasks, and setting up clear lines of communication and authority.