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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: Using an exponential smoothing model
The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: Using an exponential smoothing model with an alpha value of 0.20, 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 . Note: Round your intermediate calculations and final answer to the nearest whole number
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