When using Holt's model,choosing values of the smoothing constant 
that are near 1 will result in forecast models which
A) react very quickly to changes in the level
B) react very quickly to changes in the trend
C) react very quickly to changes in the level and the trend
D) react very slowly to changes in the level and the trend
Correct Answer:
Verified
Q10: A trend component of a time series
Q12: Forecasting models can be divided into three
Q18: The forecast error is the difference between
A)this
Q19: In contrast to linear trend,exponential trend is
Q20: Related to the runs test,if T is
Q25: When using exponential smoothing,if you want the
Q26: When using exponential smoothing,a smoothing constant
Q41: Which of the following summary measures for
Q77: Perhaps the simplest and one of the
Q93: Winters' model differs from Holt's model and
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