2. In a simple exponential smoothing model, which of the following statements is true?
(A) The forecast values are determined by computing a moving average of the previous 4 data periods if we are working with quarterly data.
(B) The larger the smoothing constant, the more smoothing that takes place in the model.
(C) If the data contain a lot of random or irregular ups and downs, then a larger smoothing constant should be used in an attempt to model these fluctuations.
(D) More smoothing of the data will take place if a smoothing constant value close to zero is used.