b) If a 2-year moving average is used to make the forecast, the MAD based on this =

nothing

miles

(round

your response to a whole

number).

(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

0.40

and

0.600

(the weight of

0.600

is for the most recent period) =

nothing

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

0.40

and

0.600

=

nothing

miles

(round

your response to a whole

number).

(Hint: You will have only 3 years of matched data.)

d) Using exponential smoothing with

=

0.50

and the forecast for year 1 being

3,000,

the forecast for year 6 =

nothing

miles (round your response to the nearest whole number).

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 miles driven during the past 5 years are as follows: Year 1 2 3 4 5 Mileage 3,000 4,000 3,400 3,800 3,700 a) Using a 2-year moving average, the forecast for year 6 = 3750 miles (round your response to the nearest whole number). = miles (round your response to a b) If a 2-year moving average is used to make the forecast, the MAD based on this whole number). (Hint: You will have only 3 years of matched data.)