#m249 #mathematics #open-university #statistics #time-series
In simple exponential smoothing satisfying the formula:
$$\hat{x}_{n+1}$$ = αxn + (1 − α)$$\hat{x}_n$$
if α =1, then $$\hat{x}_{n+1}$$ = xn, so the 1-step ahead forecast is just the current value.
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