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TABLE 16-4 The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows. Year Cases of Wine 2005

TABLE 16-4 The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows.

Year Cases of Wine
2005 270
2006 356
2007 398
2008 456
2009 358
2010 500
2011 410
2012 376

18. Referring to Table 16-4, exponential smoothing with a weight or smoothing constant of 0.4 will be used to smooth the wine sales. The value of E2, the smoothed value for 2006 is ________.

19.Referring to Table 16-4, exponential smoothing with a weight or smoothing constant of 0.4 will be used to forecast wine sales. The forecast for 2013 is ________. (Round it to nearest two decimal places)

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