The carbondale hospital is considering the purchase of a

Question

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                         Mileage

1                                 3,000

2                                 4,000

3                                 3,400

4                                 3,800

5                                 3,700

Compute the forecast for year 6 using exponential smoothing with α=.1 and α =.5. The initial forecast for year 1 is 2500.

Which forecast is more accurate using the concept of MAPE?