Carbondale Hospital Considering Purchase New Ambulance Decision Rest Partly Anticipated Mi Q35141162
The Carbondale Hospital is considering the purchase of a newambulance. The decision will rest partly on the anticipated mileageto be driven next year. The miles driven during the past 5 yearsare as follows:
|
Year |
1 |
2 |
3 |
4 |
5 |
|
Mileage |
3,100 |
4,000 |
3,500 |
3, 850 |
3,700 |
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 = ______miles (round your response to onedecimal place). (Hint: You will have only 3 years of matcheddata.)


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