hbjhbQuestion 1

The Subang Jaya Medical Specialist Hospital is considering the purchase of a new ambulance. The decisions will rest partly on the anticipated mileage to be driven next year. The distance driven during the past 10 years are as follows:

Year	Mileage
1	3000
2	4000
3	3400
4	3800
5	3700
6	3500
7	2800
8	4200
9	3000
10	3400

1. Calculate a 2-year moving average forecast for periods 3-10.

(4 Marks)

2. Calculate exponential smoothing forecast for periods 2-10 using an initial forecast of 3000. Use