The forecast for year 6 using a weighted​ 2-year moving average with weights of 0.350.35 and 0.650.65 ​(the weight of 0.650.65 is for the most recent​ period) is what?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter6: Ratio, Proportion, And Probability
Section6.2: Writing And Solving Problems
Problem 9C
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 The forecast for year 6 using a weighted​ 2-year moving average with weights of

0.350.35

and

0.650.65

​(the weight of

0.650.65

is for the most recent​ period) is what?

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:
Q
Year
Mileage
1
3,050
2
4,050
3
3,450
4
3,800
5
3,750
Transcribed Image Text: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: Q Year Mileage 1 3,050 2 4,050 3 3,450 4 3,800 5 3,750
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