Using a 2-year moving average, the forecast for year 6 = 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 = 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 0.35 and 0,65 (the weight of 0.65 is

for the most 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 =

miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)

d) Using exponential smoothing with & = 0.20 and the forecast for year 1 being 3,100, the forecast for year 6 = miles (round your response to the nearest whole number).

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: 4 Year Mileage 1 3,100 2 4,000 3 3,450 5 3,750 3,850 a) Using a 2-year moving average, the forecast for year 6 - whole number) miles (round your response to the nearest