Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question C please! Homework: Chapter 4 Homework Question 10, Problem 4.5- Bookmatch Part 3 of 5 HW Score: 64 29%, 9 of 14 points O

question C please!
image text in transcribed
Homework: Chapter 4 Homework Question 10, Problem 4.5- Bookmatch Part 3 of 5 HW Score: 64 29%, 9 of 14 points O Points: 0 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 driven during the past 5 years are as follows 1 2 3 14 5 Year Mileage 3.000 4,000 3.400 3.800 3.700 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 100 miles (round your response to a whole number) (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 0.40 and 0.600 (the weight of 0 600 is for the most recent period)-miles (round 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

Enron And World Finance A Case Study In Ethics

Authors: P. Dembinski, C. Lager, A. Cornford, J. Bonvin

1st Edition

1403947635, 978-1403947635

More Books

Students also viewed these Finance questions

Question

1. What are the pros and cons of diversity for an organisation?

Answered: 1 week ago

Question

1. Explain the concept of diversity and equality in the workplace.

Answered: 1 week ago