Question: a ) Using a 2 - year moving average, the forecast for year 6 = 3 7 5 0 miles ( round your response to
a Using ayear moving average, the forecast for year
miles round your response to the nearest whole number
Part
b If ayear moving average is used to make the forecast, the MAD based on this
miles round your response to one decimal placeHint: You will have only years of matched data.
Part
c The forecast for year using a weightedyear moving average with weights of and the weight of is for the most recent period
miles round your response to the nearest whole number
Part
The MAD for the forecast developed using a weightedyear moving average with weights of and
miles round your response to one decimal placeHint: You will have only years of matched data.
Part
d Using exponential smoothing with alpha and the forecast for year being comma the forecast for year
miles round your response to the nearest whole numberThe 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 years are as follows:
a Using a year moving average, the forecast for year miles round your response to the nearest whole number
b If a year moving average is used to make the forecast, the MAD based on this miles round your response to one decimal placeHint: You will have only years of matched data.
c The forecast for year using a weighted year moving average with weights of and the weight of is for the most recent period miles round your response to the nearest whole number
The MAD for the forecast developed using a weighted year moving average with weights of and miles round your response to one decimal placeHint: You will have only years of matched data.
d Using exponential smoothing with and the forecast for year being the forecast for year miles round your response to the nearest whole number
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
