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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 response to the nearest whole number
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