Exponential smoothing forecasts are more sensitive or reactive to the changes in demand as the value of the smoothing constant, α, ________.Group of answer choicesalpha does not affect thisincreasesstays the samedecreases

How does the choice of smoothing parameter affect the exponential smoothing model?Answer choicesSelect only one optionREVISITA higher value makes the forecast more responsive to changesA higher value makes the forecast less responsive to changesThe choice of smoothing parameter has no effect on the modelA lower value makes the forecast more responsive to changes

Though the selection of smoothing coefficient (W) you assign to the annual time series with exponential smoothing is somewhat subjective, you should select a small value for W if your goal is ______. a. forecasting b. only to smooth a series by eliminating unwanted cyclical and irregular variations c. only to smooth a series of by eliminating important cyclical variations d. only to smooth a series by eliminating important irregular variations

In simple exponential smoothing technique, the more recent data weighted more heavilyGroup of answer choicesTrueFalse

What is the best way to compare the performance of exponential smoothing models with different parameter choices?Answer choicesSelect only one optionREVISITUsing a holdout sample to test forecast accuracyComparing the smoothing parametersComparing the number of observationsComparing the mean of the forecasts

Given a prior forecast demand value of 1,000, a related actual demand value of 1100, and a smoothing constant alpha of 0.2, what is the exponential smoothing forecast value? Group of answer choices 1080 1020 1120 1180 980