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.
Correct Answer:
Verified
Q7: Econometric models can also be called:
A) judgmental
Q26: An exponential trend is appropriate when the
Q29: The smoothing constants in exponential smoothing models
Q30: Which of the following is not a
Q33: Suppose that a simple exponential smoothing model
Q38: Every form of exponential smoothing model has
Q44: The random walk model is written
Q48: The linear trend
Q56: We compare the percent of variation explained
Q58: Extrapolation methods attempt to
A)use non-quantitative methods to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents