value: 10.00 points Chapter 14 -MC Qu. 82 When using simple exponential smoothin

Question

value: 10.00 points Chapter 14 -MC Qu. 82 When using simple exponential smoothing, the more recent the time series observation, the its corresponding weight. larger smaller O larger when the smoothing constant is greater than 0.5 and smaller when the smoothing constant is less than 0.5 larger when the smoothing constant is less than 0.5 and smaller when the smoothing constant is greater than 0.5 References Multiple Choice Difficulty: 2 Medium Chapter 14-MC Qu. 82 Learning Objective: 15-05 Use simple exponential smoothing to forecast a time series.

Explanation / Answer

8) larger when smoothing constant is greater than 0.5 and .........

9)

forecast for period 10 =0.82*(50+420*10)=3485

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