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The numbers of patient arrivals to the ER department at a local hospital for the past 5 weeks are: week: 1 , 2 , 3 , 4 , 5 arrivals: 405 ,420 , 400 , 380 , 411 a) Compute a three-week moving average forecast for the arrival of medical clinic patients in week 6. b) What is the forecast for week 7 given the available information? c) If the actual number of patient arrivals in week 6 is 415, what is the forecast error for week 4? d) What is the updated forecast for week 7 given the info in part c)? e) Calculate the forecast for week 7 using the exponential smoothing method with a smoothing factor ? = 0.2. f) Which of the two forecasting methods is providing more accurate forecasts? Compare their performance to recommend one to the hospital for continued use.
Determine what impact your proposed services will have on the organization and its goals. Explain how these changes might affect the company's Equal Employment Opportunity standing and its overall diversity-related issues.
A recent project nominated for consideration at your company has a four-year cash flow of $20,000; $25,000; $30,000; and $50,000. The cost of the project is $75,000.
The bank wants to determine the operating characteristics for this system to determine if the current person is sufficient to handle the increased traffic.
Johnson Industries received a contract to develop and produce four high intensity long distance receiver/transmitters for cellular telephones. The first took 2000 labor hours, and cost $39000 worth of purchased and manufactured parts.
Explain how many technicians should you keep on stand to have the lowest average cost per day. Try the values 2, 3, 4 and 5, each with a sample size of 1,000.
A contractor departed from the specifications at a number of points in a contract to build a house. The cost to put the house in the condition called for by the contractor was approximately $14,000.
An engineer at the Metal works is considering the introduction of a new line of products. In order to produce the new line, the company needs either a major or minor renovation of the current platn
Do you think there is some way a organization can hold true to their traditional belief also still advance into the future. A metal-cutting operation has a target value of 20 also consistently averages 19.8 with a criterion deviation of 0.5.
Every month thereafter, this person makes a cash contribution of $676 to the account, what annual rate of interest is being earned on this fund?
A regular round-trip ticket costs $400, but a 20% discount is granted if the dates of the ticket span a weekend. A one-way ticket in either direction costs 75% of the regular price. Explain how should you buy the tickets for the 5-week period.
Illustrate what problem did HSBC face in this case. Illustrate what people technology also organization factors were responsible for this problem.
ABC Corporation sells large industrial machines which have an inventory value of Php 1.5 million every. The Corporation expects to order 500 machines during the next calendar year.
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