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

question 84

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,the Holt-Winters method for forecasting with smoothing constant of 0.2 for both level and trend will be used to smooth the wine sales.The smoothed values of the level and trend for 2004 are ________ and ________,respectively.

---

Definitions:

Common Shares

A type of equity security that represents ownership in a corporation, giving the holder voting rights and a share in the company's profits via dividends.

Authorized

Officially approved or sanctioned, often referring to a specified amount of capital stock a corporation is legally permitted to issue.

Issued

In finance, issued refers to the process of making securities available for sale to the public or the specific quantity of securities that have been made available.

Market Value

The current price at which an asset or service can be bought or sold in the open market.