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SCENARIO 16-4
the Number of Cases of Merlot Wine Sold

question 128

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SCENARIO 16-4
The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows.  Year Cases of Wine 20052702006356200739820084562009358201050020114102012376\begin{array}{l}\text { Year Cases of Wine }\\\begin{array} { l l } 2005 & 270 \\2006 & 356 \\2007 & 398 \\2008 & 456 \\2009 & 358 \\2010 & 500 \\2011 & 410 \\2012 & 376\end{array}\end{array}
-Referring to Scenario 16-4, exponential smoothing with a weight or smoothing constant of
0.4 will be used to smooth the wine sales. The value of E5, the smoothed value for 2009 is
__________.

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Definitions:

Immigrants

Individuals who move to a country different from their place of birth to reside permanently.

Rural Area

A geographic area characterized by low population density and vast open spaces, often associated with farming or undeveloped land.

Reserve Army Of Labour

The reserve army of labour refers to a pool of unemployed or underemployed workers who can be quickly mobilized to meet labor needs, influencing wage levels and conditions within the capitalist system.

Profitability Of Capital

A measure of how effectively capital is used to generate profit, important for assessing the financial performance of businesses.

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