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The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: YEAR CASES OF MERLOT

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The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: YEAR CASES OF MERLOT WINE 2005 302 2006 388 2007 430 2008 488 2009 390 2010 532 2011 442 2012 408 Using an exponential smoothing model with an alpha value of 0.20, estimate the smoothed value calculated as of the end of 2012. Use the average demand for 2005 through 2007 as your initial forecast for 2008, and then smooth the forecast forward to 2012. (Round your intermediate calculations and final answer to the nearest whole number.) Forecast for 2012

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