The value of the parameter α in the exponential smoothing method lies between _____.
A)
B)-1 and 1
C)0 and 1
D)0 and

Question

​The value of the parameter α in the exponential smoothing method lies between _____.
A)​ 
B)​-1 and 1 
C)​0 and 1 
D)​0 and

Quizplus · Accepted Answer

The parameter α in exponential smoothing is a smoothing constant that controls the weight given to the most recent observation. Its value lies between 0 and 1 since it is a weighting factor that determines the degree of exponents assigned to each observation. Therefore, option C is the best choice.

​The Value of the Parameter α in the Exponential Smoothing

The Value of the Parameter α in the Exponential Smoothing