1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrew [12]
4 years ago
7

The Carbondale Hospital is considering the purchase of ambulance. The TheXarbondale Hospital is considering the purchase of ambu

lance. The decision will rest partly on the anticipated mileage" be driven next year. The miles driven during the past 5
years are as follows:
Year Mileage
1 3000
2 4000
3 3400
4 3800
5 3700
a) Forecast the mileage for next year using a 2-year moving average.
b) Find the MAD based on the 2-year moving average forecast in part (a), (Hint: You will have only 3 years of matched data.)
c) Use a weighted 2-year moving average with weights of .4 and .6 to forecast next year's mileage. (The weight of .6 is for the most recent year.) What MAD results from using this approach to forecasting? (Hint: You will have only 3 years of matched data.)
d) Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,000 miles, and a = .5.
Business
1 answer:
babunello [35]4 years ago
5 0

Answer:

Explanation:

A) using 2-year moving average :

Year 6 : (3800 + 3700) = 7500 / 2 = 3750

2) Mean absolute deviation based on the forecast above :

(3000 + 4000) = 7000/2 = 3500

(4000 + 3400) = 7400/2 = 3700

(3400 + 3800) = 7200/2 = 3600

3000

4000

3400 __3500__100

3800__3700__100

3700__3600__100

Mean absolute deviation = (100 + 100 + 100) /3 = 300/3 = 100

C) weight of 0.4 and 0.6

(0.4*3000 + 0.6*4000) = 3600

(0.4*4000 + 0.6*3400) = 3640

(0.4*3400 + 0.6*3800) = 3640

3000

4000

3400 __3600__200

3800__3640__160

3700__3640__60

(200 + 160 + 60) = 420 / 3 = 140

You might be interested in
Candace sells the muffins in her bakery at a higher price than the big-box grocery, but she has a steady stream of customers wil
BlackZzzverrR [31]
She would probably get less customers because she no longer contributes to charity
7 0
3 years ago
The process of benchmarking against an organization’s established norm, which may be based on best practice, state or national s
Alex

Answer:

The correct answer is A.  a PI project may be appropiate.

Explanation:

Benchmarking is a continuous and systematic process that makes a comparative evaluation of products or services in organizations that show best practices in a given area, with the aim of transferring knowledge of best practices and their application.

Benchmarking should not be confused with espionage or competition, so the concepts of best practices and area of interest should be very clear. In this sense, for the organization it becomes an appropriate process, since it allows you to know to what extent it may be convenient to consider the actions against the established norm.

8 0
3 years ago
A publisher of photography books finds that it is cost-effective to print 10,000 or more at a time. But abookstore orders only a
Gre4nikov [31]

Answer:

B) why both discrepancies of quantity and assortment occur

Explanation:

The assortment and quantity of products that the publisher's customers want sometimes may be very different than the assortment and quantity that the companies would be willing to produce in order to lower its costs and increase its profits.

For example, the publisher would save money if it could print 10,000 books, but its clients only buy a few books at a time.

6 0
3 years ago
What helpful information can you find at a company or distributor website
const2013 [10]
C.) how to research in design your own business
6 0
4 years ago
Read 2 more answers
An Income Statement is comprised of Revenues and
Alex

Answer:

expenses

Explanation:

8 0
3 years ago
Other questions:
  • Bringing account balances up to date before preparing financial reports is called
    12·2 answers
  • 3. en the government provides a safety net, which economic goal is it a. economic equity c. economic growth d. economic innova b
    6·1 answer
  • Emma, the marketing mangers, is constantly seeking information about her competition while looking online or speaking to people.
    9·1 answer
  • Type your response in the box.
    10·1 answer
  • A code of conduct ________. select one:
    9·1 answer
  • Ester is a lighting technician who hires out on a per-project basis to film and television production companies, as well as thea
    5·1 answer
  • Stein corporation had the following data for last year: Net income = $800; Net operating profit after taxes (NOPAT) = $700; Tota
    10·1 answer
  • For spring break, you have to decide between going on a cruise with friends and going on a service trip with Alternative Spring
    13·1 answer
  • Waterway Industries provided the following information on selected transactions during 2021: Dividends paid to preferred stockho
    10·1 answer
  • Which of the following is a responsibility of the board of directors?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!