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

c) The forecast for year 6 using a weighted 2-year moving average with weights of and (the weight of is for the most recent period) =

d) The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.35 and 0.65 = d) Using exponential smoothing with alpha = 0.30 and the forecast for year 1 being 3.050, the forecast for year 6 =

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: 1 4 Year Mileage 2 3,950 3 3,500 5 3,800 3,100 3,750 a) Using a 2-year moving average, the forecast for year 6 = miles (round your response to the nearest whole number)