The Charbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be drive next year. The miles driven during the past 5 years are as follows: Year Mileage (in 100) 2008 30 2009 40 2010 34 2011 38 2012 37
The Charbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be drive next year. The miles driven during the past 5 years are as follows: Year Mileage (in 100) 2008 30 2009 40 2010 34 2011 38 2012 37
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Please use an exponential smoothing method with a=.3 and a 2011

Transcribed Image Text:The Charbondale Hospital is considering the purchase of a new ambulance.
The decision will rest partly on the anticipated mileage to be drive next year.
The miles driven during the past 5 years are as follows:
Year
Mileage (in 100)
2008
30
2009
40
2010
34
2011
38
2012
37
Please use an exponential smoothing method with a=0.3 and a 2011 forecast of 35 to forecast the mileage for 2013 ?
Keep 2 decimal places.
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