Saved Help Save & Which of the following is true concerning the smoothing parameter (a) used in exponential smoothing? Multiple Choice o The higher the value of a, the less the effect of smoothing. The higher the value of a, the more the effect of smoothing. o o 0 0.4 means the forecast for the next period is based on 40% older data and 60% recent data. ) fa0the forecast is equivalent to the naive forecast. Saved Date GapSales (000) Mar-85 105, 715 Jun-85 120,136 Sep-85 181,669 Dec-85 239,813 Mar-86 159,980 Jun-86 164,760 Sep-86 224,800 Dec-86 298,469 Mar-87 211,060 Jun-87 217,753 Sep-87 273,616 Dec-87 359,592 Seasonal Indexes Index 1 Index 2 Index 3 Index 4 0 1 Value 0.84 .80 .03 1.33 "Index 1" in the GAP results must refer to what time period? Saved Help Save & Exit Index 4 1.33 "Index 1" in the GAP results must refer to what time period? Multiple Choice C) The third quarter of the year The second quarter of the year O The fourth quarter of the year O The first quarter of the year