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:YearMileage13,00024,00033,40043,80053,750a) 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 basedon this = 116.67 miles (round your response to one decimal place). (Hint:You will have only 3 years of matched data.)c) The forecast for year 6 using a weighted 2-year moving average withweights 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 averagewith weights of 0.40 and 0.60= miles (round your response to onedecimal place). (Hint: You will have only 3 years of matched data.)

The question is about forecasting.Given :

Answered: The Carbondale Hospital is considering…

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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