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Forecasting < 4.5 Part 2 of 5 points Points: 0.2 of 1 Save The Carbondale Hospital is considering the purchase of a new ambulance.
Forecasting < 4.5 Part 2 of 5 points Points: 0.2 of 1 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 riven during the past 5 years are as follows: Year Mileage 1 2 3 4 5 3,100 4,000 3,400 3,750 3,750 a) Using a 2-year moving average, the forecast for year 6 = 3750 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.)
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