Question: A.)Using a 2-year moving average, the forecast for year 6 = ...... miles (round your response to the nearest whole number). B) If a 2-year

A.)Using a 2-year moving average, the forecast

A.)Using a 2-year moving average, the forecast for year 6 = ...... 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 0.45 and 0.55 (the weight of 0.55 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 0.45 and 0.55 = ....... miles (round your response to one decimal place). (Hint: You will have only 3

years of matched data.)

d) Using exponential smoothing with a = 0.50 and the forecast for year 1 being 3,100, the forecast for year 6 =....... miles (round your response to the nearest whole number).

as follows: \begin{tabular}{lccccc} \hline Year & 1 & 2 & 3 & 4 & 5 \\ \hline Mileage & 3,100 & 4,050 & 3,500 & 3,800 & 3,750 \\ \hline \end{tabular}

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