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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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