A suggested method for determining the right value of the, Management Theories

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A suggested method for determining the right value of the

Question: A suggested method for determining the "right" value of the smoothing constant in exponential smoothing is to retrospectively determine the value that results in the minimum forecast error for some set of historical data. Comment on the appropriateness of this method and some of the potential problems that could result.

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Management Theories: A suggested method for determining the right value of the

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