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

question 173

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 0.8 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.

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Definitions:

Inheritance

Assets received from someone who has passed away, often subject to specific laws and taxes.

Fair Market Value

The price at which an asset would sell in the marketplace between a willing buyer and seller, each having reasonable knowledge of all relevant facts.

Long-Term Gain

Profit from the sale of an asset held for more than a specific period, typically one year, qualifying for preferential tax treatment.

Parcel of Land

A specific piece of land, defined by boundaries, that can be owned or bought.