Which of the following possible values of alpha would cause exponential smoothing to respond the most quickly to forecast errors?
A)0
B)0.01
C)0.05
D)0.10
E)0.15

Question

Quizplus · Accepted Answer

In exponential smoothing, a higher alpha value (closer to 1) causes the forecast to respond more quickly to recent changes or errors. Among the given options, 0.15 is the highest, making it the fastest to respond to forecast errors.

Which of the Following Possible Values of Alpha Would Cause