Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please find part d The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to

please find part d image text in transcribed
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven nex year. The miles driven during the past 5 years are as follows: a) Using a 2-year moving average, the forecast for year 6=3775 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 rosponse to one decimal place) (Hint: You with have only 3 years of matched data.) c) The forecast for year 6 using a weighted 2 -year moving average with weights of 0.40 and 0.60 (the weight of 0.60 is for the most rocent poviod) = miles (round your response to the nearest whole number). The MAD for the forcocast developed using a weighted 2-year moving average with woights of 0.40 and 0.60= nses (round your response to one docimal place). (Hint: You will have only 3 years of matched data) d) Using exponentail smoothing with a=0.30 and the forecast for yoar 1 being 3,100 , the forecast for year: 6= miles fround your response to the nearest whole number)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Management

Authors: Glen Arnold

4th Edition

0273719068, 978-0273719069

More Books

Students also viewed these Finance questions

Question

Answer the question: Is globalization good or bad for religion?

Answered: 1 week ago

Question

Describe some variables used to measure the value added of HRM

Answered: 1 week ago

Question

Critically evaluate research on the HRMperformance relationship

Answered: 1 week ago