Problem 3-10 (Algo) The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: CASES OF HERLOT WINE YEAR T 3 270 356 398 456 358 500 410 376 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.) Answer is complete but not entirely correct. Forecast for B 390

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Problem 3-10 (Algo)
The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows:
CASES OF
MERLOT WINE
YEAR
1
2
3
4
5
6
7
270
356
398
456
358
500
410
376
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.)
Answer is complete but not entirely correct.
Forecast for 8
390
Transcribed Image Text:Problem 3-10 (Algo) The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: CASES OF MERLOT WINE YEAR 1 2 3 4 5 6 7 270 356 398 456 358 500 410 376 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.) Answer is complete but not entirely correct. Forecast for 8 390
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