The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: CASES OF YEAR MERLOT WINE 1 268 2 351 3 393 4 451 353 6. 495 405 8 371 Using an exponential smoothing model with an alpha value of 0.10, 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 %

The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: CASES OF YEAR MERLOT WINE 1 268 2 351 3 393 4 451 353 6. 495 405 8 371 Using an exponential smoothing model with an alpha value of 0.10, 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 %

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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Question

The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows:
CASES OF
YEAR
MERLOT WINE
1
268
2
351
3
393
4
451
5
353
6
495
7
405
8
371
Using an exponential smoothing model with an alpha value of 0.10, 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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