wine sold by the Connor Owen winery in an eight-year period is as follows: YEAR CASES OF MERLOT WINE 1 270 2 356 3 398 4 456 5 358
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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 MERLOT WINE |
|---|---|
| 1 | 270 |
| 2 | 356 |
| 3 | 398 |
| 4 | 456 |
| 5 | 358 |
| 6 | 500 |
| 7 | 410 |
| 8 | 376 |
Using an exponential smoothing model with an alpha value of 0.20, estimate the smoothed value calculated as of the end of year 8. Use the average demand for years 1 through 3 as your initial
Note: Round your intermediate calculations and final answer to the nearest whole number.
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