1. What effect does the value of the smoothing constant have on the weight given to the past…

1. What effect does the value of the smoothing constant have
on the weight given to the past forecast and the past observed value?

2. Is Delphi a quantitative forecasting method?

3. What variations does the random component consist of in a
time series?

4. What are moving averages used for? Provide an example.

5. A seasonal index may be less than one, equal to one, or
greater than one. Explain what each of these values would mean.

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