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TABLE 16-6
the Number of Cases of Merlot Wine Sold

question 141

Short Answer

TABLE 16-6
The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows.
 Year  Cases of Wine 19912701992356199339819944561995358199650019974101998376\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, use the Holt-Winters method of fitting wine sales to compute the smoothed level and trend with a smoothing constant of 0.8 for both level and trend.

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