The Carbondale Hospital is considering the purchase of a new

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

Using a 2-year moving average, the forecast for year 6 = ____ miles (round to nearest whole number)

Solution

Using a 2-year moving average, the forecast for year 6 = Average(3800,3800)=3800 Miles