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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 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 asfollows:
Year
1
2
3
4
5
Mileage
3,000
4,000
3,400
3,850
3,700
Using exponential smoothing with alpha= 0.30 and the forecast for year one being 3,000 what is the forecast for year 6? ________ miles (round your response to two decimal places.
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