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 1 2 3 4 5 Mileage 3,000 3,950 3,500 3,750 3,800 Part 2 ​a) Using a​ 2-year moving​ average, the forecast for year 6​ = 37753775 miles ​(round your response to the nearest whole​ number). Part 3 ​b) If a​ 2-year moving average is used to make the​ forecast, the MAD based on this​ = enter your response here miles ​(round your response to one decimal​ place).​ (Hint: You will have only 3 years of matched​ data.)

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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
1
2
3
4
5
Mileage
3,000
3,950
3,500
3,750
3,800
Part 2
​a) Using a​ 2-year moving​ average, the forecast for year 6​ =
37753775
miles ​(round your response to the nearest whole​ number).
Part 3
​b) If a​ 2-year moving average is used to make the​ forecast, the MAD based on this​ =
enter your response here
miles ​(round your response to one decimal​ place).​ (Hint: You will have only 3 years of matched​ data.)
 
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Follow-up Question
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
1
2
3
4
5
Mileage
3,000
3,950
3,500
3,750
3,800
Part 2
​a) Using a​ 2-year moving​ average, the forecast for year 6​ =
37753775
miles ​(round your response to the nearest whole​ number).
Part 3
​b) If a​ 2-year moving average is used to make the​ forecast, the MAD based on this​ =
7575
miles ​(round your response to onedecimal​ place).​ (Hint: You will have only 3 years of matched​ data.)
Part 4
​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) =
37803780
miles ​(round your response to the nearest whole​ number).
Part 5
The MAD for the forecast developed using a weighted​ 2-year moving average with weights of
0.40
and
0.60
​=
96.796.7
miles ​(round your response to one decimal​ place).  ​(Hint: You will have only 3 years of matched​ data.)
Part 6
​d) Using exponential smoothing with
α
​=
0.40
and the forecast for year 1 being
3,000​,
the forecast for year 6​ =
enter your response here
miles ​(round your response to the nearest whole​ number).
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