In simple exponential smoothing,the smoothing constant is a number that determines how much weight it is attached to each observation.

Name: In simple exponential smoothing,the smoothing constant is a number that determines how much weight it is attached to each observation.
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Quizplus · Accepted Answer

In simple exponential smoothing, the smoothing constant is used to assign a weight to each observation, determining how much influence it should have on the forecasted value. Therefore, the statement is true.

In Simple Exponential Smoothing,the Smoothing Constant Is a Number That