A Paso Robles wine producer wanted to forecast the cases of Merlot wine sold. The number of cases of merlot wine sold in a 28-year period was collected. Which of the following would be the
Most appropriate analysis to perform?
A) The Marascuilo Procedure.
B) The Tukey-Kramer Procedure.
C) Least-squares forecasting with monthly or quarterly data.
D) Exponential smoothing modeling.

Question

Quizplus · Accepted Answer

Exponential smoothing modeling is appropriate for forecasting time series data, such as the number of cases of wine sold over a period of time, as it helps to smooth out fluctuations and identify trends.

A Paso Robles Wine Producer Wanted to Forecast the Cases