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What is Smoothing Constant in Supply Chain Management? PDF | Download eBooks

Learn Smoothing Constant definition in supply chain management with explanation to study “What is Smoothing Constant”. Study smoothing constant explanation with SCM terms to review supply chain management course for online MBA programs.

Smoothing Constant Definition

Smoothing Constant Explanation

The variable used in the time series technique to determine how the historical data related to time series values are weighted. This is used on the basis of exponential smoothing and if the constant is greater the higher value assigned to the latest period. The value for smoothing constant must be between 0 and 1.

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