The exponential smoothing forecast for period t + 1 is a weighted average of the
A) forecast value in period t with weight α and the actual value for period t with weight 1 - α.
B) actual value in period t + 1 with weight α and the forecast for period t with weight 1 - α.
C) forecast value in period t - 1 with weight α and the forecast for period t with weight 1 - α.
D) actual value in period t with weight α and the forecast for period t with weight 1 - α.
Correct Answer:
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