TABLE 16-6 $$\text { The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows. }$$

question 91

Short Answer

TABLE 16-6
$$\text { The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows. }$$ $$\begin{array} { c c } \underline { \text { Year }} &\underline {\text { Cases of Wine }}\\ 1991 & 270 \\1992 & 356 \\1993 & 398 \\1994 & 456 \\1995 & 358 \\1996 & 500 \\1997 & 410 \\1998 & 376\end{array}$$

-Referring to Table 16-6, the Holt-Winters method for forecasting with smoothing constant of 0.2 for both level and trend will be used to smooth the wine sales. The smoothed values of the level and trend for 1992 are ____ and ____, respectively.

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Definitions:

Elements

Basic or essential components, substances, or constituents of a complex form.

Interest

The cost of using money over a period, expressed as a percentage rate.

Study

An organized investigation or analysis aimed at discovering new knowledge or understanding existing knowledge in a systematic way.

Observational Studies

Research methods in which subjects are observed in their natural setting without any manipulation by the researcher.