The number of cases of merlot wine sold by the connor owen, Ask an Expert

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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
YEAR	MERLOT WINE
2005	305
2006	391
2007	433
2008	491
2009	393
2010	535
2011	445
2012	411

Using an exponential smoothing model with an alpha value of 0.40, estimate the smoothed value calculated as of the end of 2012.

Use the average demand for 2005 through 2007 as your initial forecast for 2008, and then smooth the forecast forward to 2012.

(Round your intermediate calculations and final answer to the nearest whole number.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92706301

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