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 2005 2006 2007 2008 2009 2010 2011 2012 276 362 404 462 364 506 416 382 Using an exponential smoothing model with an alpha value of 0.30, 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.) Answer is complete but not entirely correct. Forecast for 372 € 2012
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 2005 2006 2007 2008 2009 2010 2011 2012 276 362 404 462 364 506 416 382 Using an exponential smoothing model with an alpha value of 0.30, 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.) Answer is complete but not entirely correct. Forecast for 372 € 2012
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 27P: The file P13_27.xlsx contains yearly data on the proportion of Americans under the age of 18 living...
Related questions
Question
![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
276
362
YEAR
2005
2006
2007
2008
2009
2010
2011
2012
404
462
364
506
416
382
Using an exponential smoothing model with an alpha value of 0.30, 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.)
Answer is complete but not entirely correct.
Forecast for
2012
372](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd24358e-5277-4b14-8b88-e8d23ef8e39d%2Fda556c9d-61d2-459a-bbea-ed3ea4325409%2Fb0wbmxh_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
276
362
YEAR
2005
2006
2007
2008
2009
2010
2011
2012
404
462
364
506
416
382
Using an exponential smoothing model with an alpha value of 0.30, 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.)
Answer is complete but not entirely correct.
Forecast for
2012
372
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing