13.59 Exponential smoothing for information services hires rate.
Consider the monthly information services sector hires rate time series from Exercise 13.46 (pages 693–694).
hires
13.59
(b) The smaller the smoothing constant is, the smoother the model is. Or alternatively, a higher damping factor, , provides a smoother model. (c) 2.587, 2.874, 3.061.