Question: a ) Using a 2 - year moving average, the forecast for year 6 = 3 7 5 0 miles ( round your response to

a) Using a2-year moving average, the forecast for year 6=
3750 miles (round your response to the nearest whole number).
Part 3
b) If a2-year moving average is used to make the forecast, the MAD based on this=
83.3 miles (round your response to one decimal place).(Hint: You will have only 3 years of matched data.)
Part 4
c) The forecast for year 6 using a weighted2-year moving average with weights of 0.40 and 0.60(the weight of 0.60 is for the most recent period)=
3740 miles (round your response to the nearest whole number).
Part 5
The MAD for the forecast developed using a weighted2-year moving average with weights of 0.40 and 0.60=
123.3 miles (round your response to one decimal place).(Hint: You will have only 3 years of matched data.)
Part 6
d) Using exponential smoothing with alpha =0.30 and the forecast for year 1 being 3 comma 050, the forecast for year 6=
3640 miles (round your response to the nearest whole number).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:
a) Using a 2-year moving average, the forecast for year 6=3750 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 =|, 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 0.40 and 0.60(the weight of 0.60 is for the most recent period)= 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 0.40 and 0.60= miles (round your response to one decimal place).(Hint: You will have only 3 years of matched data.)
d) Using exponential smoothing with =0.30 and the forecast for year 1 being 3,050, the forecast for year 6= miles (round your response to the nearest whole number).
 a) Using a2-year moving average, the forecast for year 6= 3750

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