= Homework: Homework: Chapter 4 Question 3, Problem 4.5 Part 5 of 5 The Carbondale Hospital is considering the purchase

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Homework Homework Chapter 4 Question 3 Problem 4 5 Part 5 Of 5 The Carbondale Hospital Is Considering The Purchase 1 (108.51 KiB) Viewed 12 times

= Homework: Homework: Chapter 4 Question 3, Problem 4.5 Part 5 of 5 The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year Mileage 5 3,800 a) Using a 2-year moving average, the forecast for year 6= 3,825 miles (round your response to the nearest whole number). b) If a 2-year moving average is used to make the forecast, the MAD based on this = 125 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.45 and 0.55 (the weight of 0.55 is for the most recent period) = 3,823 miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45 and 0.55 = 142.5 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) d) Using exponential smoothing with α = 0.40 and the forecast for year 1 being 3,100, the forecast for year 6 = 1 3,100 2 4,000 3 3,450 4 3,850 HW Score: 13.15%, 0.66 of 5 points Points: 0.4 of 1 miles (round your response to the nearest whole number).