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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

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 3050 4000 3500 3850 3750 ​​

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.)

Apr 15 2021 View more View Less

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