If we use a value close to 1 for the smoothing constant $a$
in a simple exponential smoothing model,then we expect the model to respond very slowly to changes in the level.

Name: If we use a value close to 1 for the smoothing constant $a$ in a simple exponential smoothing model,then we expect the model to respond very slowly to changes in the level.
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Question

If we use a value close to 1 for the smoothing constant $a$ 
in a simple exponential smoothing model,then we expect the model to respond very slowly to changes in the level.

Quizplus · Accepted Answer

A smoothing constant $a$ close to 1 makes the model respond quickly to changes in the level, as it gives more weight to recent observations.

If We Use a Value Close to 1 for the Smoothing