The Carbondale Hospital is considering the purchase of a new ambulance. The deci

Question

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:

???????????????????????????????????????????????????????????????????????????????????????????????????????????????  

Year

1

2

3

4

5

Mileage

3 comma 0503,050

4 comma 0504,050

3 comma 4503,450

3 comma 7503,750

3 comma 7503,750

?a) Using a? 2-year moving? average, the forecast for year 6? =

___________

miles ?(round your response to the nearest whole? number).

Year

1

2

3

4

5

Mileage

3 comma 0503,050

4 comma 0504,050

3 comma 4503,450

3 comma 7503,750

3 comma 7503,750

Explanation / Answer

2 year Moving average = sum of demand in 2 yr period/2

So forecast for next year= (7503+7503)/2

7503miles

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.