The smoothing constant is a number that determines how much weight it is attached to each observation.

Question

Quizplus · Accepted Answer

The smoothing constant, also known as the smoothing factor or alpha, is a parameter in exponential smoothing models that determines how much weight should be given to the most recent observation. The higher the smoothing constant, the more weight is given to recent observations and the less weight is given to past observations. Therefore, the statement is true.

The Smoothing Constant Is a Number That Determines How Much