b) Find the MAD based on the 2-year moving average forecast in part (a).

c) Use a weighted 2-year moving average with weights of 0.45 and 0.55 to forecast next year's mileage. (The weight of 0.55 is for the most recent year.)

d) Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,000 miles, and A=.30 .The basic exponential smoothing formula can be expressed as follows:

The Carbondale Hotel is considering the purchase of a new ambulance. The decision will rest party on the anticipated mileage to be driven not your. The miles driven during the past years are as follows Year Mileage 1 3.100 5 3.800 3,950 3,000 3.800 a) Using a 2 year moving averago, the forecast for your 3800 miles fround your response to the whole number b) a 2 year moving average in voed to make the forecaut. The MAD bored on the fround your response to one domenica (Mont Wow we are only you of matched data)