TABLE 16-6
the Number of Cases of Merlot Wine

question 151

Short Answer

TABLE 16-6
The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows.
$$\begin{array} { c c } \underline { \text { Year }} &\underline {\text { Cases of Wine }}\\ 1991 & 270 \\1992 & 356 \\1993 & 398 \\1994 & 456 \\1995 & 358 \\1996 & 500 \\1997 & 410 \\1998 & 376\end{array}$$
-Referring to Table 16-6, exponential smoothing with a weight or smoothing constant of 0.2 will be used to smooth the wine sales. The value of E₂, the smoothed value for 1992 is______

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Definitions:

Empathy

The ability to understand and share the feelings of another, a crucial component of emotional intelligence and human connection.

Infatuation

A state of intense, often short-lived passion or admiration for someone or something.

In-group Bias

The tendency for people to give preferential treatment and exhibit more positive attitudes towards members of their own group over those of an out-group.

Out-group Bias

A cognitive bias that leads individuals to favor their own group over others, often resulting in prejudice and discrimination against the out-group.