Question: 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 last five years are as follows:


Year 1 2 3 4 Mileage 3,050 4,000 3,500 3,850 3,750


The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.40 and 0.60 =  how many miles? (round to one decimal place.) 

Year 1 2 3 4 Mileage 3,050 4,000 3,500 3,850 3,750

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