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

question 64

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 2005 are ________ and ________,respectively.

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Definitions:

Emotional Maturity

The ability to understand, manage, and express one’s emotions in a healthy and productive manner.

Laissez-Faire Leadership

A leadership style characterized by minimal managerial interference, where team members have the freedom to make decisions and solve problems on their own.

Retention of Authority

Refers to maintaining control or command over decisions and resources within an organization or over certain areas of decision-making.

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The ability to understand, use, and manage your own emotions in positive ways to relieve stress, communicate effectively, empathize with others, and overcome challenges.