Instruction 14-9
The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows.
$$\begin{array} { c c }
\text { Year }& \text { Cases of Wine } \
2003 & 270 \
2004& 356 \
2005 & 398 \
2006& 456 \
2007 & 358 \
2008 & 500 \
2009& 410 \
2010&376\
\end{array}$$
-Referring to Instruction 14-9,the Holt-Winters method for forecasting with smoothing constant of 0.8 for both level and trend will be used to smooth the wine sales.The smoothed values of the level and trend for 2004 are ________ and ________,respectively.

Question

Instruction 14-9
The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows.
 $$\begin{array} { c c } 
\text { Year }& \text { Cases of Wine } \
2003 & 270 \
2004& 356 \
2005  & 398 \
 2006& 456 \
2007 & 358 \
2008 & 500 \
 2009& 410 \
2010&376\
\end{array}$$
-Referring to Instruction 14-9,the Holt-Winters method for forecasting with smoothing constant of 0.8 for both level and trend will be used to smooth the wine sales.The smoothed values of the level and trend for 2004 are ________ and ________,respectively.

Quizplus · Accepted Answer

The Answer of Instruction 14-9
The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows.
 $$\begin{array} { c c } 
\text { Year }& \text { Cases of Wine } \
2003 & 270 \
2004& 356 \
2005  & 398 \
 2006& 456 \
2007 & 358 \
2008 & 500 \
 2009& 410 \
2010&376\
\end{array}$$
-Referring to Instruction 14-9,the Holt-Winters method for forecasting with smoothing constant of 0.8 for both level and trend will be used to smooth the wine sales.The smoothed values of the level and trend for 2004 are ________ and ________,respectively.

Instruction 14-9 the Number of Cases of Merlot Wine Sold

Instruction 14-9
the Number of Cases of Merlot Wine Sold