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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 years are as follows:
Year
Mileage
comma
comma
comma
comma
comma
Part
a Using ayear moving average, the forecast for year
miles round your response to the nearest whole number
Part
b If ayear moving average is used to make the forecast, the MAD based on this
miles round your response to one decimal placeHint: You will have only years of matched data.
Part
c The forecast for year using a weightedyear moving average with weights of and the weight of is for the most recent period
miles round your response to the nearest whole number
Part
The MAD for the forecast developed using a weightedyear moving average with weights of and
enter your response here miles round your response to one decimal placeHint: You will have only years of matched data.
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