In an exponential smoothing model, larger values of alpha i.e., closer to 1) place less emphasis on recent data and more on older data.

Name: In an exponential smoothing model, larger values of alpha i.e., closer to 1) place less emphasis on recent data and more on older data.
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Larger values of alpha place more emphasis on recent data and less on older data. Smaller values of alpha, closer to 0, place more emphasis on older data and less on recent data.

In an Exponential Smoothing Model, Larger Values of Alpha I