If we use a value close to 1 for the smoothing constant in a simple exponential smoothing model, then we expect the model to respond very slowly to changes in the level.

Question

If we use a value close to 1 for the smoothing constant  in a simple exponential smoothing model, then we expect the model to respond very slowly to changes in the level.

Quizplus · Accepted Answer

If a value close to 1 is used for the smoothing constant, the model will respond quickly to changes in the level, not slowly. A value close to 0 would result in a slow response to such changes.

If We Use a Value Close to 1 for the Smoothing