When you set α = 1 in the exponential smoothing technique, it is equivalent to: Naïve...
When you set α = 1 in the exponential smoothing technique, it is equivalent to:
Naïve forecasting
Simple linear regression with slope equal to 1
Simple Moving Average with one-period
Weighted Moving Average with one-period and sum of the weights equal to 1
Homework Answers
The correct option is Naive forecasting, as when α is 1, the forecast is equal to the actual value of the previous period which is also the case in the naive forecast.
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When you set α = 1 in the exponential smoothing technique, it is
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Naïve...
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