Which of the Following Statements Is TRUE About Single Exponential

Multiple Choice

Which of the following statements is TRUE about single exponential smoothing?

A) Large values of alpha (α) place more emphasis on recent data.
B) α values range from 0.6 to 1.
C) Smaller values of smoothing constant have the advantage of quickly adjusting the forecasts when forecasting errors occur.
D) Larger values of smoothing constant do not allow the forecast to react faster to changing conditions.