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

question 43

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 2005 are ________ and ________,respectively.

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Definitions:

Absolute Frequency

The total number of occurrences of a specific event in a set or dataset.

Rotary Club

An international service organization whose stated purpose is to bring together business and professional leaders in order to provide humanitarian service and to advance goodwill and peace around the world.

Honeybees

A type of bee known for its role in pollination and for producing honey and beeswax.

Distribution

Refers to the way outcomes or values are spread over a range of possibilities.