#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 = 0, then $$\hat{x}_{n+1}$$ = $$\hat{x}_n$$ = ··· = $$\hat{x}_1$$ = x1, the initial value.
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