When using the exponential (simple or single) smoothing method, selecting a larger smoothing constant will A....
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When using the exponential (simple or single) smoothing method, selecting a larger smoothing constant will
A. Has no impact on the forecast
B. Negates the prior period forecast error
C. Makes the forecast less responsive to changes in demand
D. Makes the forecast respond more quickly to changes in the actual demand
Homework Answers
D. Makes the forecast respond more quickly to changes in the actual demand
Using the exponential smoothing method,
F(t+1) = Smoothing constant * Actual(t) + (1-Smoothing constant)*F(t)
If we look at the equation, we can state that the large the constant, the forecast respond more quickly to the changes in the actual demand.
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