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It has been determined that your sales demand data is comprised of a relatively low amount of randomness and hence you want to have a
It has been determined that your sales demand data is comprised of a relatively low amount of randomness and hence you want to have a more responsive demand forecast. Which of the following statements is correct, given that you are forecasting with the exponential smoothing method? You should use a negative smoothing constant (for example, alpha = 0.4). You should use a large smoothing constant (for example, alpha = 0.99). You should use a smoothing constant greater than 1 (for example, alpha = 2.3). You should use a Which forecasting step is critical for developing a good forecast? increasing the smoothing constant (or alpha) determining the forecast's purpose converting trends and seasonal patterns into stable data using forecasting methods with large mean absolute deviation valuessmall smoothing constant (for example, alpha = 0.01)
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