Question: anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year 4 Mileage 1 3,100 2 4,000

anticipated mileage to be driven next year. The
anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year 4 Mileage 1 3,100 2 4,000 3 3,500 5 3,800 3,800 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 = 83.3 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 0.35 and 0.65 (the weight of 0.65 is for the most recent period) = 3800 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 0.35 and 0.65 = 138.3 miles (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, the forecast for year 6 = miles (round your response to the nearest whole number)

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