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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 = matched data.) 1 3,000 2 4,050 3 3,400 4 3,800 5 3,750 miles (round your response to one decimal place). (Hint: You will have only 3 years of

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 = matched data.) 1 3,000 2 4,050 3 3,400 4 3,800 5 3,750 miles (round your response to one decimal place). (Hint: You will have only 3 years of

MATLAB: An Introduction with Applications
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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please help with question b

**Educational Analysis: Forecasting Ambulance Mileage** The Carbondale Hospital is evaluating the purchase of a new ambulance. This decision hinges on the predicted mileage for next year. Below is the recorded mileage for the past 5 years: | Year | Mileage | |------|---------| | 1 | 3,000 | | 2 | 4,050 | | 3 | 3,400 | | 4 | 3,800 | | 5 | 3,750 | **Forecasting:** a) Using a 2-year moving average for forecasting, the estimated mileage for year 6 is calculated as **3,775 miles** (rounded to the nearest whole number). b) When using a 2-year moving average to make the forecast, the Mean Absolute Deviation (MAD) for this data needs to be computed to one decimal place. (Note: Only 3 years of matched data are available for this calculation.)
Transcribed Image Text:**Educational Analysis: Forecasting Ambulance Mileage** The Carbondale Hospital is evaluating the purchase of a new ambulance. This decision hinges on the predicted mileage for next year. Below is the recorded mileage for the past 5 years: | Year | Mileage | |------|---------| | 1 | 3,000 | | 2 | 4,050 | | 3 | 3,400 | | 4 | 3,800 | | 5 | 3,750 | **Forecasting:** a) Using a 2-year moving average for forecasting, the estimated mileage for year 6 is calculated as **3,775 miles** (rounded to the nearest whole number). b) When using a 2-year moving average to make the forecast, the Mean Absolute Deviation (MAD) for this data needs to be computed to one decimal place. (Note: Only 3 years of matched data are available for this calculation.)
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