Reference no: EM131146297
"Forecasting" Please respond to the following:
Compare and contrast the major strengths and weaknesses of analytic and nonanalytic forecasting.
Provide one (1) example of each method being used in a real-world scenario to support your answer.
Discuss the importance of the four (4) guiding principles of forecasting.
Next, select one (1) principle and discuss how to apply it in a real world scenario. Complete the problems on the attachment and show your work.
1. Indicate the different ways an individual could forecast his or her weight 10 years from now. Do these methods change based upon whether the individual is 5, 14, 24, or 45 years old? If so, why?
2. Provide examples from the field of health services management of phenomena that are probably best forecasted using genius forecasting. Why?
3. Calculate the expected number of infants needing neonatal intensive care in a hospital if the historic rate is 5 per 1000 births, and you expect 575 births this year.
4. If the annual death rate from smoking is 154 deaths per 100,000 persons, and death rate from firearms is 13.5 deaths per 100,000 persons, how from these causes would you expect in a community of 1 million people?
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Find fundamental causes of social problems such as crime
: Policy analysts should research the issues and determine the fundamental causes of social problems such as crime, poverty, or homelessness and then recommend solutions.
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Quality of measures
: Answers the question related to the topic "Quality of Measures". In staffing the scores of individuals are treated as if they were the attribute itself, rather than merely indicators of the attribute.
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How the analysis changes the status quo
: From the e-Activity, provide two reasons and / or examples of what makes the paper or report you selected of high technical quality. Provide the source(s) of the article you selected.
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Controls and audit tests for the process
: Oversee commission staff to ensure individuals are properly trained and monitored - Please provide me with some risks, controls and audit tests for the process.
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Strengths of analytic and nonanalytic forecasting
: Provide examples from the field of health services management of phenomena that are probably best forecasted using genius forecasting. Why?
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Find the amplitude of forced motion of the weight
: A weight of 50 N is suspended from a spring of stiffness 4000 N/m and is subjected to a harmonic force of amplitude 60 N and frequency 6 Hz.
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Prepare a common-size consolidated statements
: Using the template provided, prepare a common-size Consolidated Statements of Financial Position; Using the template provided, prepare a common-size Consolidated Statements of Operations
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Contractor has higher salary levels and overhead rates
: Two contractors decide to enter into a joint venture on a project. What difficulties can occur if the contractors have decided on who does what work, but changes may take place if problems occur? What happens if one contractor has higher salary level..
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Can you imagine a riot at a theater today
: In those days the theater could also be dangerous. If a play attempted to make sense of volatile social or political issues (which they often did) the audiences were known to riot. We have documented major historical riots that centered on the t..
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