Explain each step in the forecasting process for each method

Assignment Help Business Management
Reference no: EM131046849

Case Study: Forecasting

Using the Appendix 6-1, for this assignment, you will be providing a forecast of the number of clinic visits for November 2008 using the average change, confidence interval, average percent change, moving averages, and exponential smoothing forecasting methods. Use the Internet to research at least two (2) examples of the forecasting methods being used in health services organizations.

Write a two to three (2-3) page paper in which you:

1. Explain each step in the forecasting process for each method.

2. Provide a brief summary of your researched health services organizations implementing the forecasting methods.

3. Provide a forecast of the number of clinic visits for November 2008 using each method of the forecasting process.

4. Conclude which forecasting method provides the best forecast, and provide a rationale for your conclusion.

Appendix 6-1 Visit Volume for Northern College Health Services


Month

Visits to Health Services

 

 

 

2005

Jan

21

2007

Jan

32

 

Feb

19

 

Feb

34

 

Mar

16

 

Mar

39

 

Apr

20

 

Apr

42

 

May

15

 

May

41

 

Jun

18

 

Jun

21

 

July

16

 

July

24

 

Aug

14

 

Aug

28

 

Sept

18

 

Sept

47

 

Oct

25

 

Oct

45

 

Nov

30

 

Nov

46

 

Dec

16

 

Dec

44

2006

Jan

22

2008

Jan

39

 

Feb

26

 

Feb

41

 

Mar

31

 

Mar

34

 

Apr

39

 

Apr

39

 

May

44

 

May

38

 

Jun

17

 

Jun

19

 

July

22

 

July

28

 

Aug

18

 

Aug

29

 

Sept

27

 

Sept

37

 

Oct

33

 

Oct

39

 

Nov

29

 

 

 

 

Dec

33

 

 

 

Reference no: EM131046849

Questions Cloud

Write a director''s report on corporate governance matters : This year they reported to the board of directors that there was a material weakness in Nordtek's safeguarding of inventory because the storerooms were unlocked and there were no checks on those who entered or left the premises.
Some money and securities from an unlocked safe : Michael owns a television repair shop that is insured under a commercial package policy. The policy includes the building and personal property coverage form and the causes-of-loss broad form. The declarations page indicates that coverage applies ..
Imagine the following independent sets of circumstances : Indicate the type of opinion you would render under each of above set of circumstances. Give reasons for your decision.
Discuss the specific action to be taken by the ca : In this situation what obligation does the CA have to a new auditor if he is replaced? Discuss briefly
Explain each step in the forecasting process for each method : Write a two to three (2-3) page paper in which you: Explain each step in the forecasting process for each method. Provide a brief summary of your researched health services organizations implementing the forecasting methods
Purchase to deal with this exposure : Fast Pizza hires college students who drive their own cars to deliver pizzas to customers. Fast Pizza is concerned that the company may be liable for damages caused by company employees while they are driving their cars on company business.
What additional audit procedures would olzewski undertake : List three financial, two operating and two other indications that Olzewski might have found that show Cerberus may have going concern problems.
Electrical contractor that employs 10 electricians : Electrical Services is an electrical contractor that employs 10 electricians. Electrical Services faces numerous loss exposures. One general liability loss exposure arises out of faulty work that an electrician performs in a customer's home, which..
Discuss castro''s type of report decision for each situation : Each situation should be considered independently. In discussing each situation, ignore the other.

Reviews

Write a Review

 

Business Management Questions & Answers

  Allegiance insurance company sends a questionnaire

Allegiance Insurance Company sends a questionnaire to policyholders who have filed a claim. The questionnaire inquires these claimants whether they are satisfied with the way their claim was handled

  Case study devry chicago

Anthony had carpet installed in his home as well as the carpet is not flat to the floor. Actually, it has so numerous waves that his and his friends as well as guests have been tripping over certain areas of his home

  Compute the mass of oxygen that has been released

Compute the mass of oxygen that has been released from the tank if the temperature in the tank doesn't change during the process

  Best describes the most literal meaning of guanxi

In international business settings, one of the most common ethical problems encountered involves employment practices.

  Identify the departmentalization approach to organization

Please identify the departmentalization approach to organization structure and then identify organizational authority briefly

  Validity of the efficient markets hypothesis

Critique the validity of the Efficient Markets Hypothesis using examples with a thorough discussion of the implications of your findings for investors.

  Expalin what is global geographic structure

Expalin what is global geographic structure and what are the advantages and disadvantages of this structure?

  Illustrate what type of lawsuit might panda bring facts

Although customer service has in the past been an important factor in business buyer-seller relationships, its importance has been waning in the last decade.

  Business decision analysis

A daily diet must be constructed determining the type and amount of foods to meet certain nutritional requirements at minimum cost. The foods that can be included are tuna fish, milk, spinach and whole-wheat bread; the nutrients we consider are vitam..

  Define the job dimensions of the firm

Define the job dimensions of the firm as well as discuss whether or not you believe the current design is appropriate for the firm.

  Guidelines for ethical decision making

You are a middle manager with accountability over a staff of 16 workers. One of your workers is six months pregnant. Over the last months she has missed work an average of two days a week as well as seems to be frequently distracted at work

  Attitude about business management

Discuss how your attitude about business management has been impacted by the information from gained in business class.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd