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

question 6

Essay

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,plot both the wine sales series and the series of Holt-Winters forecast for 2011 to 2014 using a smoothing constant of 0.2 for both level and trend.


Definitions:

Responsibility Centers

Responsibility centers are parts of an organization treated as separate units for the purpose of assigning and evaluating financial performance.

Evaluating Performance

The process of assessing the effectiveness and efficiency of operations, employees, or processes.

Managers

Individuals responsible for planning, directing, and overseeing the operations and employees within an organization to achieve its objectives.

Return on Investment

A metric that indicates the profit or loss incurred from an investment in comparison to the total funds invested.

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