The Carbondale Hospital is considering the purchase of a new ambulance. The deci
ID: 423137 • Letter: T
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