**The Carbondale Hospital's New Ambulance Decision**Carbondale Hospital is considering the purchase of a new ambulance. The decision will partly depend 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 | 3,050 | 3,950 | 3,400 | 3,750 | 3,750 |**Forecasting and Analysis:**a) *Using a 2-year moving average, the forecast for year 6 = 3750 miles* (round your response to the nearest whole number).b) *If a 2-year moving average is used to make the forecast, the MAD (Mean Absolute Deviation) based on this = ____ miles* (round your response to one decimal place). *(Hint: You will have only 3 years of matched data.)*

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 Mileage a) Using a 2-year moving average, the forecast for year 6= 3750 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 = 1 3,050 2 3,950 3 3,400 4 3,750 5 3,750 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data)

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 Mileage a) Using a 2-year moving average, the forecast for year 6= 3750 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 = 1 3,050 2 3,950 3 3,400 4 3,750 5 3,750 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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