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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
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 |
1 | 282 |
2 | 368 |
3 | 410 |
4 | 468 |
5 | 370 |
6 | 512 |
7 | 422 |
8 | 388 |
Using an exponential smoothing model with an alpha value of 0.30, estimate the smoothed value calculated as of the end of year 8. Use the average demand for years 1 through 3 as your initial forecast for year 4, and then smooth the forecast forward to year 8. (Round your intermediate calculations and final answer to the nearest whole number.)
Forecast for 8 |
| % |
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