Select all that applyIn the case of simple exponential smoothing, forecasts are weighted averages of past observations, with the weights decaying exponentially as the observations get older. Recall the smoothing parameter α: which of the following is true of α? Select all that apply!Multiple select question.With larger values of α, we pay attention mainly to the most recent observationsα is a smoothing parameterWith smaller values of α, greater emphasis is on past observationsWith larger values of α, we pay attention mainly to the oldest observations

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