Question 2: The Reliable Transport Company is considering the purchase of a new truck. The decision will rest partly on
Posted: Wed Jul 06, 2022 12:04 pm
- Question 2 The Reliable Transport Company Is Considering The Purchase Of A New Truck The Decision Will Rest Partly On 1 (257.15 KiB) Viewed 15 times
Question 2: The Reliable Transport Company is considering the purchase of a new truck. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past five years are as follows: Year 1 2 5 Miles Driven 3,500 3,790 4,000 3,710 3,580 Make a forecast for year 6 using exponential smoothing. Use an initial forecast of 3,000 miles for year 1 and an a value of 0.3. [ 2 Marks]