Question: a) Using a 2 year moving average, the forecast for year 6=3775 kilometres (round your response to the nearest whole number). d) Using exponential smoothing


a) Using a 2 year moving average, the forecast for year 6=3775 kilometres (round your response to the nearest whole number). d) Using exponential smoothing with =0.20 and the forecast for year 1 being 3.100 kilometres, the forecast for year 6= kilometres (round your response to the nearest whole number). The Bonavista Patient Transfer Company is considering the purchase of a new ambulance. The decision will rest partly on the anticipated distance to be driven next year. The kilometres driven during the past 5 years are as follows: a) Using a 2-year moving average, the forecast for year 6=3775 kilometres (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 = 125 kilometres (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 0.35 and 0.65 (the weight of 0.65 is for the most recent year) =3753 kilometres (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2 -year moving average with weights of 0.35 and 0.65= kilometres (round your response to one decimal place). (Hint You will have only 3 years of matched data.) d) Using exponential smoothing with =0.20 and the forecast for year 1 being 3,100 kilometres, the forecast for year 6= kilometres (round your response to the nearest whole number)
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