The mad for the forecast developed using weighted

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Reference no: EM132090897

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 3000 3950 3400 3750 3700

The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.40 and 0.60 = ___ miles (round your response to one decimal place). (Hint: You will have only 3 years of matched data.)

Reference no: EM132090897

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