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

question 114

Multiple Choice

In the exponential smoothing formula for updating the level of the series,A_t = αy_t + (1 - α) A_t - 1,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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