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(Solved): The number of cases of merlot wine sold by the Andretti winery in an eight-year period is as follows ...



The number of cases of merlot wine sold by the Andretti winery in an eight-year period is as follows. YEARCASES OF MERLOT WINE year 1, 275, year 2, 360, year 3, 402, year 4, 460, year 5 year 6 504 year 7, 415, year 8, 382. 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, 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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