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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:

Year

1

2

3

4

5

Mileage

3,100

3,950

3,450

3,850

3,750

Part 2a) Using a 2-year moving average, the forecast for year 6 =

38003800

miles (round your response to the nearest whole number).Part 3b) If a 2-year moving average is used to make the forecast, the MAD based on this =

108.3108.3

miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)Part 4c) 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) =

37903790

miles (round your response to the nearest whole number).Part 5The MAD for the forecast developed using a weighted 2-year moving average with weights of

0.40

and

0.60

=

enter your response here _____ miles (round your response to one decimal place).(Hint: You will have only 3 years of matched data.)

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