Question: A.) Forecast the mileage for next year (6th year) using a 2-year moving average. B.) Find the MAD based on the 2-year moving average. C.)

A.) Forecast the mileage for next year (6th year)

A.) Forecast the mileage for next year (6th year) using a 2-year moving average.

B.) Find the MAD based on the 2-year moving average.

C.) Use a weighted 2-year moving average with weights of .4 and .6 to forecast next year's mileage. What MAD results from using this approach to forecasting?

4.5 The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the antici- pated mileage to be driven next year. The miles driven during the past 5 years are as follows: YEAR MILEAGE 1 2 3,000 4,000 3,400 3 Cli pat dec 4 3,800 5 3,700 cas

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