About simple exponential smoothing forecasts

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Reference no: EM131233845

Which of the following is False about Simple Exponential Smoothing (SES) Forecasts?

-SES technique is a successful widely used model

-Makes the forecast by taking the average of actual sales during previous n number of periods

-Larger α more responsive forecast; Smaller α, smoother forecast

-SES forecasting uses a smoothing constant \alpha

Reference no: EM131233845

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