When using exponential smoothing,a smoothing constant must be used.The value for :
A)ranges between 0 and 1
B)ranges between -1 and +1
C)equals the largest observed value in the series
D)represents the strength of the association between the forecasted and observed values

Question

When using exponential smoothing,a smoothing constant  must be used.The value for  :
A)ranges between 0 and 1 
B)ranges between -1 and +1 
C)equals the largest observed value in the series 
D)represents the strength of the association between the forecasted and observed values

Quizplus · Accepted Answer

The smoothing constant for exponential smoothing ranges between 0 and 1. This constant represents the weight given to the most recent observation while smoothing the data.

When Using Exponential Smoothing,a Smoothing Constant Must Be Used