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Production & Op Homework: Module 2A (chapter 4) Homework Score: 6 of 10 pts Problem 4.5 3 of 8 (8 complete) Save HW Score:
Production & Op Homework: Module 2A (chapter 4) Homework Score: 6 of 10 pts Problem 4.5 3 of 8 (8 complete) Save HW Score: 73.33%, 29.33 of 40 pts Question Help 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: Year Mileage 1 3,000 2 4,050 3 4 5 3,500 3,850 3,750 a) Using a 2-year moving average, the forecast for year 6 = 3800 miles (round your response to the nearest whole number). ms b) If a 2-year moving average is used to make the forecast, the MAD based on this (Hint: You will have only 3 years of matched data.) 58.3 miles (round your response to one decimal place). 0 ng Online sach Course + 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 recent period)= 3.790 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 0.40 and 0.60-100 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data) d) Using exponential smoothing with a 0.30 and the forecast for year 1 being 3,000, the forecast for year 6 miles (round your response to the nearest whole number).
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