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: 1 3,000 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 = 72.5 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) Year Mileage 2 3,950 3 3,400 4 3,750 3,750
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: 1 3,000 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 = 72.5 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) Year Mileage 2 3,950 3 3,400 4 3,750 3,750
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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K
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 = 72.5 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)
1
3,000
2
3,950
3
3,400
4
3,750
5
3,750
+](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff6373fcb-242d-43be-9168-cbd321416818%2F80b86520-f076-4aee-938f-85546363f046%2Fh71465_processed.jpeg&w=3840&q=75)
Transcribed Image Text:t
K
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 = 72.5 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)
1
3,000
2
3,950
3
3,400
4
3,750
5
3,750
+
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