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The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows. Year cases of wines 2003 270 2004
The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows.
Year cases of wines
2003 270
2004 356
2005 398
2006 456
2007 358
2008 500
2009 410
2010 376
Referring to the information above, the Holt-Winters method for forecasting with smoothing constant of 0.8 for both level and trend will be used to smooth the wine sales. The smoothed value of the level series for 2005 is ________ (to 2 d.p.)
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