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 wears are as follows: Year Mileage a) Using a 2-year moving average, the forecast for year 6 = 3775 miles (round your response to the nearest whole number). ) If a 2-year moving average is used to make the forecast, the MAD based on this = 116.6 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) 1 3,000 2 4,050 3 3,400 4 3,800 D 5 3,750 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 (round your response to the mearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.40 and 0.60= 160 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) d) Using exponential smoothing with a = 0.50 and the forecast for year 1 being 3,000, the forecast for year 6 = miles (round your response to the nearest whole number).
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 wears are as follows: Year Mileage a) Using a 2-year moving average, the forecast for year 6 = 3775 miles (round your response to the nearest whole number). ) If a 2-year moving average is used to make the forecast, the MAD based on this = 116.6 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) 1 3,000 2 4,050 3 3,400 4 3,800 D 5 3,750 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 (round your response to the mearest whole number). The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.40 and 0.60= 160 miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) d) Using exponential smoothing with a = 0.50 and the forecast for year 1 being 3,000, the forecast for year 6 = miles (round your response to the nearest whole number).
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text: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 = 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 = 116.6 miles (round your response to one decimal place). (Hint: You will have only 3 years of
matched data.)
1
3,000
2
4,050
3
3,400
4
3,800
5
3,750
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 (round your 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 = 160 miles (round your response to one decimal place). (Hint: You will have
only 3 years of matched data.)
d) Using exponential smoothing with x = 0.50 and the forecast for year 1 being 3,000, the forecast for year 6 =
miles (round your response to the nearest whole number).
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