When forecasting,if a greater number of past values are considered relevant,then we generally opt for a larger value of k.

Name: When forecasting,if a greater number of past values are considered relevant,then we generally opt for a larger value of k.
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Question

Quizplus · Accepted Answer

The value of k in forecasting refers to the number of past values used in the calculation. If a greater number of past values are considered relevant, then a larger value of k is selected. Therefore, the statement is true.

When Forecasting,if a Greater Number of Past Values Are Considered