Question: Answer question D only please 1 2 3.950 3 3.400 The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest
Answer question D only please
1 2 3.950 3 3.400 The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driver next year. The miles driven during the past 5 years are as follows. Year 4 5 Mileage 3050 3,850 3.750 a) Using a 2 year moving average the forecast for year 0 = 3800 miles (round your response to the nearest whole number) by it a 2-year moving average is used to make the forecast, the MAD based on this = 1333 miles fround your response to one decimal place) Me Youwwe omy 3 years of matched data) c) The forecast for year 6 using a weighted 2.yout moving average with weights of 0.45 and 0.55 (the weight of 056 is for the most recent period) = 3795 miles cround your vosponse to the nearest whole number The MAD for the forecast developed using a weighted 2 year moving average with weights of 0 45 and 055 = 150 miles fround your response to ono decimal place) (Hint You will have only 3 years of matched data) a) Using exponential smoothing with a = 0 20 and the forecast for year being 3,050, the forecast for year 6-mies (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
