How do you set a default value with jquery auto complete combobox?

Question

When using the jquery ui autocomplete combobox, can you set a default value for the combobox?

Answer 1

Based on Mathieu Steele answer, instead of using this:

input.val( $("#combobox option:selected").text());

I use this:

input.val( $(select).find("option:selected").text());

Widget is now reusable and DRY :)