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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.

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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 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 decima/ place). (Hint. You will have anly 3 years of matchod dato.) c) The forecast for year 6 using a woighted 2 -yoar moving average with weights of 0.40 and 0.60 (the weight of 0.60 is for the most recent period) = 3780 miles (round your response to the nearest whole number). The MAD for the forecast developed using a weighted 2 -year moving average with weights of 0.40 and 0.60= miles (round your response to one docimat place). (Hint You will have only 3 years of matched data.)

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