Using exponential smoothing,if we want forecasts to be very responsive to recent demand,the value of alpha should be
A) large.
B) moderate.
C) small.
D) The value of alpha does not matter.

Name: Using exponential smoothing,if we want forecasts to be very responsive to recent demand,the value of alpha should be A) large. B) moderate. C) small. D) The value of alpha does not matter.
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Question

Quizplus · Accepted Answer

Increasing the alpha value increases the responsiveness of the forecast to the most recent error.

Using Exponential Smoothing,if We Want Forecasts to Be Very Responsive