What effect does the value of the smoothing constant have on the weight given to the past

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What effect does the value of the smoothing constant have on the weight given to the past forecast and the past observed value? Discuss.

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Quantitative Analysis For Management

ISBN: 162

11th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

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Question Posted: Feb 24, 2015 09:24 AM

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What effect does the value of the smoothing constant have on the weight given to the past

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Smoothing constant allows management to assign weightage to recent data It has value between 0 and 1 ...View the full answer

Quantitative Analysis For Management

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