Managerial decision making for all healthcare organizations

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Reference no: EM131399968

Forecasting demand for health services is an important step in managerial decision making for all healthcare organizations. This task, which often is assumed by financial managers, first requires the compilation and examination of historical information. Although many quantitative forecasting methods exist, four common methods of forecasting are percent adjustment, 12-month moving average, trendline, and seasonalized forecast. Discuss within the context of forcasting in healthcare, which of the statistics tools do you feel would be helpful for better understanding the data you might have available to use in developing your forecasts?

Reference no: EM131399968

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