Year | 1 | 2 | 3 | 4 | 5 |
Mileage | 3 comma 0003,000 | 3 comma 9503,950 | 3 comma 4503,450 | 3 comma 7503,750 | 3 comma 7503,750 |
a) Using a 2-year moving average, the forecast for year 6 =
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[Question & Answer] The Carbondale Hospital is considering the purchase of a new ambulance. The decision…..
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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 =
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miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.