Question

The greek letter α ("alpha") in the The greek letter α ("alpha") in the exponential smoothing formula can be any value between -10 and 10 O True O False References True / False The greek letter a ("alpha' in the.. Required information 1000 points "Ft" stands for which thing? "Ft" stands for which thing? O ecast for period t ie output for period t O ecast for period 1-1 。ae response for period t-1

Answer 1

1. The given statement is FALSE as the smoothing constant, α, can only be between 0 and 1.

2. The correct option is forecast of period t, as Ft represent the forecast of t period.

3. The correct option are Forecast from the previous period, demand form the previous period and a smoothing constant. As the formula for forecast is, Forecast = (Actual demand of previous period * α) + ( Forecast of previous period * (1 - α)), where α is smoothing constant.

4. The correct option is A highly reactive forecast.

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