Comprised of relatively low amount of randomness

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Question

It has been determined that your sales demand data is comprised of a relatively low amount of randomness and hence you want to have a more responsive demand forecast. Which of the following statements is correct, given that you are forecasting with the exponential smoothing method? You should use a negative smoothing constant (for example, alpha = -0.4). You should use a large smoothing constant (for example, alpha = 0.99). You should use a smoothing constant greater than 1 (for example, alpha = 2.3). You should use a small smoothing constant (for example, alpha = 0.01).

Reference no: EM133677611

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