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X Problem 4.5 The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest party on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: Year 1 3 Mileage 3,050 3.500 a) Using a 2-year moving average, the forecast for year 6miles (round your response to the nearest whole number). 2 4 31850 5 3.700 4.000 Enter your answer in the answer box and then click Check Answer C Am CA parts remaining Year 4 5 3.750 3,850 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 Mileage 3,000 4,050 3,400 a) Using a 2 year moving average, the forecast for year 6 = 3,800 miles fround your response to the nearest whole number) b) ifa 2-year moving average is used to make the forecast, the MAD based on this 1250 miles (round your response to one decimal place). Pent: 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 0.35 and 0.65 (the weight of 0.65 is for the most recent period) 3.78 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 0.36 and 0.65 - 1875 miles fround your response to ono decimal place). (Hint: You will have only 3 years of matured data) a) Using exponential smoothing with a 0.40 and the forecast for year 1 being 3,000, the forecast for year 6 - 3,05 miles fround your response to the nearest whole number). Question is complete. Tap on the red indicators to see incorrect answers Similar Question All parts showing