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In the Exponential Smoothing Formula for Updating the Level of the Series,At

Question 114

Multiple Choice

In the exponential smoothing formula for updating the level of the series,At = αyt + (1 - α) At - 1,what does α represent?


A) The weighted average of the exponentially declining weights.
B) The speed of decline in the weights of older observations.
C) The initial value of the time series.
D) The last value of the time series.

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