Business, 17.02.2020 22:51 tammydbrooks43

FC.51 Madison Memorial Hospital is considering purchasing a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past eight years are as follows:Year Miles Driven2008 3,1092009 1,1122010 3,2602011 3,0522012 2,1502013 2,1602014 1,3512015 1,111Required:
a. Using a 3-year moving average, what would be the forecast for the miles to be driven in 2016? (Display your answer to the nearest whole number.)b. Using a 3-year weighted moving average (with last year's weight as 0.5, two years previous as 0.3 and three years previous as 0.2.) what is the forecast for 2016? (Display your answer to the nearest whole number.)

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FC.51 Madison Memorial Hospital is considering purchasing a new ambulance. The decision will rest pa...

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