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

question 24

Short Answer

Instruction 14-9
The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows.
$$\begin{array} { c c } \text { Year }& \text { Cases of Wine } \\2003 & 270 \\2004& 356 \\2005 & 398 \\ 2006& 456 \\2007 & 358 \\2008 & 500 \\ 2009& 410 \\2010&376\\\end{array}$$
-Referring to Instruction 14-9,exponential smoothing with a weight or smoothing constant of 0.2 will be used to smooth the wine sales.The value of E₂,the smoothed value for 2004 is ________.

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Definitions:

1950s

A decade marked by the post-World War II boom, notable for cultural shifts, the beginning of the Cold War, and significant technological advancements.

Environmental Costs

The financial and ecological impacts associated with the depletion or degradation of natural resources and pollution caused by human activities.

Postwar Economic Boom

The period of rapid economic growth in Western countries, especially the United States, following the end of World War II, lasting approximately from the mid-1940s to the early 1970s.

American Society

The social structure and cultural norms prevalent in the United States, which vary widely across different periods and regions.