a) A two period moving average method averages the actual value for the previous two periods to generate the forecast for the next period. This can be calculated as the sum of the actual value for the previous two periods /2
So using the above formula the two year moving average forecast for year 6 = (milage in year 4 + milage in year 5) /2
= (3850 + 3750) / 2
= 7600 / 2
= 3800
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