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If an engineer specifies a value of =0.2 for a single exponential forecasting model then the engineer likely believes that? a) The new forecast value
If an engineer specifies a value of =0.2 for a single exponential forecasting model then the engineer likely believes that? a) The new forecast value should rely more heavily on the last observation b) The new forecast value has an MAD 3 c) The new forecast value is unbiased, but not accurate d) The new forecast value should rely more heavily on the last forecasted value
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