In a second order exponential smoothing, a low β gives less weight to more recent trends.

Name: In a second order exponential smoothing, a low β gives less weight to more recent trends.
Brand: Quizplus
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Quizplus · Accepted Answer

In second order exponential smoothing, β (beta) is the smoothing parameter for the trend component. A low β value means the model gives less weight to recent changes in the trend, making it less responsive to recent trends.

In a Second Order Exponential Smoothing, a Low β Gives