In the first-order exponential smoothing model,the new forecast is equal to a weighted average of the old forecast and the actual value in the most recent period.

Question

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This is a correct statement about the first-order exponential smoothing model. The new forecast is calculated as a weighted average of the old forecast and the actual value in the most recent period, with the weights determined by the smoothing coefficient.

In the First-Order Exponential Smoothing Model,the New Forecast Is Equal