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A Higher Value of the Smoothing Constant α Makes the Forecast

question 61

True/False

A higher value of the smoothing constant α makes the forecast less responsive to recent data.


Definitions:

Milliliters

A unit of volume in the metric system, equal to one thousandth of a liter or about 0.0338 fluid ounces.

Liter

A metric unit of volume equal to 1,000 milliliters or about 0.264 gallons.

Kilograms

A unit of mass in the metric system equal to 1,000 grams.

Grams

A mass measurement unit representing 0.001 of a kilogram.

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