A Parameter of the Exponential Smoothing Model Which Provides the Weight

question 62

Multiple Choice

A parameter of the exponential smoothing model which provides the weight given to the most recent time series value in the calculation of the forecast value is known as the

• A)mean square error
• B)mean absolute deviation
• C)smoothing constant
• D)None of these alternatives is correct.

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Definitions:

Puerto Rico

An unincorporated territory of the United States located in the Caribbean Sea, with a distinct culture that blends indigenous, African, and Spanish influences, and has a complex relationship with mainland U.S.

New Immigrants

Refers to the wave of immigrants coming primarily from Southern and Eastern Europe to the United States between the 1880s and 1920s, distinguishing them from earlier waves of immigration.

Labor

Work, especially physical, manual, or hard work, often associated with a particular profession or the workforce of a country.

Restricting Immigration

Refers to policies and regulations put in place by a government to limit the number of people who can enter a country from foreign nations.