If We Use a Value Close to 1 for the Smoothing

question 12

True/False

If we use a value close to 1 for the smoothing constant in a simple exponential smoothing model,then we expect the model to respond very slowly to changes in the level.

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To ascertain by computation; determine by mathematical means.

Economic Value

The worth of a good or service determined by the market, reflecting its utility, scarcity, and consumers' willingness to pay.

Equivalent

Equal in value, measure, force, effect, significance, etc.

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A term used in statistics and data analysis to denote a data point that is not recorded or is unknown.