Which of the following is true concerning the smoothing parameter $(\backslash$alpha $)$ used in exponential smoothing?

Multiple Choice

The higher the value of $\backslash$alpha $,$ the more the effect of smoothing.

$\backslash$alpha $=0\mathrm{.}4$ means the forecast for the next period is based on $40\%$ older data and $60\%$ recent data.

If $\backslash$alpha $=0,$ the forecast is equivalent to the na$$ve forecast.

The higher the value of $\backslash$alpha $,$ the less the effect of smoothing.