Question: Question 8 (2 points) Listen Exponential Smoothing. Use Excel Spreadsheet (Copy the table below and Paste it into Excel). The number of cases of merlot

Question 8 (2 points) Listen Exponential Smoothing. Use Excel Spreadsheet (Copy the table below and Paste it into Excel). The number of cases of merlot wine sold by the Connor Owen winery in an eight-year period is as follows: Using an exponential smoothing model with an alpha value of 0.30, estimate the smoothed value calculated as of the end of 2020. Use the average demand for 2013 through 2015 as your initial forecast (F2013), and then smooth the forecast forward to 2020. What is the forecast for 2020? (Round your answer to the nearest whole number.) Year 2013 2014 2015 2016 2017 2018 Cases of Merlot Wine 321 407 449 507 409 551 461 427 2019 2020

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