Multiple Choice
Which of the following statements is accurate regarding simple exponential smoothing?
A) The smoothing constant, beta, determines the weight assigned to most recent demand
B) The higher the smoothing constant, the more responsive the forecast to demand changes
C) If the smoothing constant was 1, the forecast would be equal to last period's forecast.
D) If the smoothing constant was 0, the forecast would equal to last period's demand.
Correct Answer:
Verified
Correct Answer:
Verified
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