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Management Studies

Problem:

The carbondale Hospital is considering the purchase of a new ambulance. The decison will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows:

Year Mileage: 1 3050 2 3950 3 3400 4 3850 5 3700

Question 1) Using a 2 year moving average, the forecast for year 6?

Question 2) IF a 2 year moving average is used to make the forecast, the MAD based on this?

Solve the problem and show all work.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91149636

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