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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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