Answer Happy

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 a) Using a 2-year moving average, the forecast for year 6 = b) If a 2-year moving average is used to make the forecast, the MAD based on this = data.) 1 3,100 2 3,950 3 3,400 4 3,850 miles (round your response to the nearest whole number). 5 3,750 Q miles (round your response to one decimal place). (Hint: You will have only 3 years of matched c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.40 and 0.60 (the weight of 0.60 is for the most recent period) = nearest whole number). miles (round your response to the The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.40 and 0.60 = only 3 years of matched data.) d) Using exponential smoothing with a = 0.30 and the forecast for year 1 being 3,100, the forecast for year 6 = miles (round your response to the nearest whole number). miles (round your response to one decimal place). (Hint: You will have