Question: answer the last question. what is the MAD 4 The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly
answer the last question. what is the MAD
4 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 mil driven during the past 5 years are as follows Year 1 2 3 5 Mileage 3,050 3,950 3,450 3,850 3.750 a) Using a 2-year moving average, the forecast for year 6 3800 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 = 100 miles (round your response to one decimal place). (Hint You will have 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 period) = 3785 miles (ra 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 - miles (round your response to one decimal place) (Hint You will have only 3 years of matched data)
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