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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 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 response to one decimal place).(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 0.60(the weight of 0.60 is for the most recent period)=
miles (round your response to the nearest whole number).
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