Question: D) Using exponential smoothing with alpha = 0.40 and the forecast for year 1 being 3000 , the forecast for year 6 = The Carbondale

D) Using exponential smoothing with alpha = 0.40 and the forecast for year 1 being 3000 , 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: Year 3 3,500 5 3.750 Mileage 3,050 3,950 3,850 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 = 66.7 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data) miles (round c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.35 and 0.65 (the weight of 0.65 is for the most recent period) = your response to the nearest whole number)

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