The Carbondale Hospital is considering the purchase of ambulance. The TheXarbond

Question

The Carbondale Hospital is considering the purchase of ambulance. The TheXarbondale Hospital is considering the purchase of ambulance. The decision will rest partly on the anticipated mileage" be driven next year. The miles driven during the past 5
years are as follows:

Year

Mileage

1

3000

2

4000

3

3400

4

3800

5

3750

c) The forcast for year 6 Use a weighted 2-year moving average with weights of 0.35 and 0.65. (The weight of 0.65 is for the most recent year.) = ??? miles ( round response to nearest whole number)

Year

Mileage

1

3000

2

4000

3

3400

4

3800

5

3750

Explanation / Answer

Answer: Year Mileage 2-year moving average mean average deviation 1 3000 2 4000 3500 500 3 3400 3700 -300 4 3800 3600 200 5 3750 3775 -25 3750 93.75 The mileage for the 6 th year = 3750

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