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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:
tableYearMileage
a Using a year moving average, the forecast for year miles round your response to the nearest whole number
b If a year 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.
c The forecast for year using a weighted year moving average with weights of and the weight of is for the most recent period miles round your response to the nearest whole number
The MAD for the forecast developed using a weighted year moving average with weights of and years of matched data. miles round your response to one decimal placeHint: You will have only
d Using exponential smoothing with and the forecast for year being the forecast for year miles round your response to the nearest whole number
Need help with Part D All other parts are complete and correct.
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