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 milesdriven during the past 5 years are as follows:YearMileage123453,0003,9503,5003,8003,750a) 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 = 66 miles (round your response to one decimal place). (Hint: You will have only 3years of matched data.)c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.40 and 0.60 (the weight of 0.60 is for the most recent period) = 3770 miles (roundyour 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 = 86 miles (round your response to one decimal place).(Hint: You will have only 3 years of matched data.)

Part a)Step 1: Calculate the moving averages, MA.To calculate the moving averages associated with…

Answered: The Carbondale Hospital is considering…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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