Posted: December 26th, 2021
forecasting | MAT 543 Quantitative Methods for Health Services | Strayer University
Using the Northern College Health Services visit volume in Appendix 6-1 on page 113 of the textbook, 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 or Strayer Library to research at least two examples of the forecasting methods being used in health services organizations.
Write a 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.
- Provide a forecast of the number of clinic visits for November 2008 using each method of the forecasting process.
- Conclude which forecasting method provides the best forecast, and provide a rationale for your conclusion.
- This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
- Prepare a forecast for a health services organization that uses each method of the forecasting process.