In the exponential smoothing with trend adjustment forecasting method,β is the
A)slope of the trend line.
B)new forecast.
C)Y-axis intercept.
D)independent variable.
E)trend smoothing constant.

Question

Quizplus · Accepted Answer

β is the trend smoothing constant in the exponential smoothing with trend adjustment forecasting method. It controls the rate at which the trend adjusts to changes in the data.

In the Exponential Smoothing with Trend Adjustment Forecasting Method,β Is