The Carbondale Hospital is considering thepurchase of a new ambulance. The decis
ID: 2444565 • Letter: T
Question
The Carbondale Hospital is considering thepurchase of a new ambulance. The decision will rest partly on theanticipated mileage to be driven next year. The miles driven duringthe past 5 years are as follows.
Forecast the mileage for next year using a2-year moving average.
Round your answer to the nearest wholenumber; for example,1234 .
Find the MAD for your forecast in part(a).
Round your answer to the nearest wholenumber; for example,123 .
Use a weighted 2-year moving average withweights of .4 and .6 to forecast next year’s mileage. (Theweight of .6 is for the most recent year.)
Round your answer to the nearest wholenumber; for example,1234 .
What is the MAD of this forecast?
Round your answer tothe nearest whole number; for example,123 .
Round your answer to the nearest wholenumber; for example,1234 .
The Carbondale Hospital is considering thepurchase of a new ambulance. The decision will rest partly on theanticipated mileage to be driven next year. The miles driven duringthe past 5 years are as follows.
Year Mileage 1 2,900 2 4,000 3 3,200 4 4,400 5 3,700 (a) Forecast the mileage for next year using a2-year moving average.
Round your answer to the nearest wholenumber; for example,1234 .
(b)Find the MAD for your forecast in part(a).
Round your answer to the nearest wholenumber; for example,123 .
(c)Use a weighted 2-year moving average withweights of .4 and .6 to forecast next year’s mileage. (Theweight of .6 is for the most recent year.)
Round your answer to the nearest wholenumber; for example,1234 .
What is the MAD of this forecast?
Round your answer tothe nearest whole number; for example,123 .
(d)Compute the forecast for year 6 usingexponential smoothing, an initial forecast for year 1 of 2,900miles, and .
Round your answer to the nearest wholenumber; for example,1234 .
Explanation / Answer
0m
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.