Using exponential smoothing

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Reference no: EM131434448

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:

Year 1 2 3 4 5

Mileage 3,050 3,950 3,500 3,800 3,700

d) Using exponential smoothing with = 0.40 and the forecast for year 1 being 3,050, the forecast for year 6 = ___ miles. (round your response to the nearest whole? number).

Reference no: EM131434448

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