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Exotic Wines, Inc. wants to use exponential smoothing with = 0.45 to forecast demand in bottles sold. The demand the last four months are 3,021,
- Exotic Wines, Inc. wants to use exponential smoothing with = 0.45 to forecast demand in bottles sold. The demand the last four months are 3,021, 3,697, 3,845, and 4,412 bottles. The forecast for bottles was 3,021 bottles for the second month. What is the forecast for the fifth month? Round your answer to the nearest whole number.
2.
A linear regression model is Units = 3,369 - 0.759Week. For week 41, what is the forecast for the number of units? Round your answer to the nearest whole number.
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