Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Feb 2018 My Price 8.00

Carbondale Hospital

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

3,100

4,000

3,450

3,850

3,750

a) Using a 2-year moving average, the forecast for year 6 = miles (round your response to the nearest whole number) Answer = 3800

b) If a 2-year moving average is used to make the forecast, the MAD based on this =miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) Answer = 108.3

c) The forecast for year 6 using a weighted 2-year moving average with weights of .40 and .60 (the weight of .60is for the most recent period) =miles (round your response to the nearest whole number). Answer = 3790

The MAD for the forecast developed using a weighted 2-year moving average with weights of .40 and .60 =miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.) Answer =143.3 HOW DO YOU WORK THIS PART????

d) Using exponential smoothing with alphaa = .20 and the forecast for year 1 being 3 comma 3,100 , the forecast for year 6 = nothing miles (round your response to the nearest whole number). HOW DO YOU WORK THIS????

 

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Feb 2018 09:02 PM My Price 8.00

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