Question: please explain the steps thoroughly i am struggling in this class The Carbondale Hospital is considering the purchase of a new ambulance. The decision will
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest party on the anticipated milenge to be driven next yoar. The milos driven during the past 5 yoars are as follows: a) Using a 2-yoar moving average, the forecast for year 6= miles (round your response to the noarnst whole numbor) b) If a 2-year moving average is used to make the forecast. the MAD based on this = miles (round your response fo one cocimal place) (Plit, You wil have only yoars of matched data. c) The forecant for year 6 using a weighted 2 -year moving average with weights of 0.35 and 0.65 (the weight of o. 65 is for the moot recent period) = 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 0.35 and 0.65 a (Hint: You will hare only 3 years of matched data) d) Using exponential smoothing with =0.40 and the forecast for year 1 being 3,000 , the forecast for year 6= whole number
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