SCENARIO 16-4
The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows.
-Referring to Scenario 16-3,suppose the last two smoothed values are 81 and 96 (Note: they are not).What would you forecast as the value of the time series for September?
A)81
B)86
C)91
D)96

Question

SCENARIO 16-4
The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows. 
-Referring to Scenario 16-3,suppose the last two smoothed values are 81 and 96 (Note: they are not).What would you forecast as the value of the time series for September?
A)81 
B)86 
C)91 
D)96

Quizplus · Accepted Answer

Since the last two smoothed values are increasing, the trend is upward. Therefore, we can forecast the value of the time series for September to be the last smoothed value, which is 96.

SCENARIO 16-4 the Number of Cases of Merlot Wine Sold by a by a Paso