Asked by
Fiere Brown
on Oct 31, 2024Verified
Which of the following smoothing constants would make an exponential smoothing forecast equivalent to a naive forecast?
A) 0
B) 1 divided by the number of periods
C) 0.5
D) 1.0
E) cannot be determined
Smoothing Constants
Parameters used in exponential smoothing methods for forecasting that determine the weight of historical data in making predictions.
Naive Forecast
A forecasting technique that assumes future values will be the same as past values, often used as a baseline for more complex models.
- Get to know the components and the significance of time-series analysis in forecast methodologies.
Verified Answer
RB
Learning Objectives
- Get to know the components and the significance of time-series analysis in forecast methodologies.
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