Question 7. Part 1-5 question.

a) using a 2 year-moving average, the forecast for year 6 = ___ miles ( round your response to one decimal place).

b) if a 2-year moving average is used to make the firecast, the MAD based on this = ___ miles ( round your response to one decimal place). ( Hint: You will have only 3 years of matched data.)

c) The foreccast for year 6 using weight 2-year moving average with weights of 0.35 and 0.65 ( the weight of 0.65 is fir the most recent period) =____ miles ( round your response to the nearest whole number).

D) The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.35 and 0.65 =____ miles ( round your response to one decimal place). ( Hint: you will only 3 years of matched data.)

E) Using exponential smoothing with a=0.20 and the forecast for year 1 being 3,000, the forecast for year 6 = ____miles ( round your response to the nearest whole number).

Homework: Chapter 4 Homework Question 7, Problem 4.5 Part 1 of 5 HW Score: 23.94%, 34 of 142 points Points: 2 of 10 Save 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 2 3 4 5 Year Mileage 3,100 4,000 3,450 3,750 3,800 a) Using a 2-year moving average, the forecast for year 6 = [ miles (round your response to the nearest whole number) |||