If we use a value close to 1 for the level smoothing constant and a value close to 0 for the trend smoothing constant in Holt's exponential smoothing model, then we expect the model to respond very quickly to changes in the level, but very slowly to changes in the trend.

Question

If we use a value close to 1 for the level smoothing constant  and a value close to 0 for the trend smoothing constant  in Holt's exponential smoothing model, then we expect the model to respond very quickly to changes in the level, but very slowly to changes in the trend.

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The Answer of If we use a value close to 1 for the level smoothing constant  and a value close to 0 for the trend smoothing constant  in Holt's exponential smoothing model, then we expect the model to respond very quickly to changes in the level, but very slowly to changes in the trend.

If We Use a Value Close to 1 for the Level