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Instruction 14-9
the Number of Cases of Merlot Wine Sold

question 42

Short Answer

Instruction 14-9
The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows.
 Year  Cases of Wine 20032702004356200539820064562007358200850020094102010376\begin{array} { c c } \text { Year }& \text { Cases of Wine } \\2003 & 270 \\2004& 356 \\2005 & 398 \\ 2006& 456 \\2007 & 358 \\2008 & 500 \\ 2009& 410 \\2010&376\\\end{array}
-Referring to Instruction 14-9,the Holt-Winters method for forecasting with smoothing constant of 0.8 for both level and trend will be used to forecast the wine sales.The forecast for 2014 is ________.

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Definitions:

Lower-Priced Option

An affordable alternative that is offered at a lower price compared to other variants or competitors, aiming to attract budget-conscious consumers.

Institutional Buyers

Entities that purchase goods and services in large quantities for organizational use, such as schools, hospitals, and government agencies.

Religious Organizations

Groups or institutions dedicated to the practice and propagation of religious beliefs.

Central Government

The chief national authority governing a country, typically responsible for national policies and affairs.

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