Solved

TABLE 16-6
the Number of Cases of Merlot Wine Sold

Question 161

Short Answer

TABLE 16-6
The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows.
 Year  Cases of Wine 19912701992356199339819944561995358199650019974101998376\begin{array} { c c } \underline{ \text { Year } }&\underline{\text { Cases of Wine }} \\{ 1991 } & 270 \\1992 & 356 \\1993 & 398 \\1994 & 456 \\1995 & 358 \\1996 & 500 \\1997 & 410 \\1998 & 376\end{array}
-Referring to Table 16-6, the Holt-Winters method for forecasting with smoothing constant of 0.8 for both level and trend will be used to forecast the wine sales. The forecast for 2002 is_____ .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions