Question: C) The forecast for year 6 using a weighted 2-year moving average with weights of 0.40 and 0.60 = ____ miles (I calculated MAD to

C) The forecast for year 6 using a weighted
C) The forecast for year 6 using a weighted 2-year moving average with weights of 0.40 and 0.60 = ____ miles
(I calculated MAD to be 113.33, which is incorrect)
Score: 0 of 5 pts 5 of 11 (7 complete) HW Score: 37.5%, 9 of 24 pts Problem 4.5 Question Help 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 Year Mileage 2 4,050 3 3,500 4 3,850 5 3,750 3.100 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 = 75 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 0.40 and 0.60 (the weight of 0.60 is for the most recent period) = miles (round your response to the nearest whole number)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!