User Account

All Pages

Determine for the incident rate and average severity

Assignment Help Business Management
Reference no: EM133099163

You are given the following information concerning past workers compensation losses for Doom Factory, Inc (DFI):

Accident Year

Period

Ultimate WC Frequency

Number of Employees

Incident Rate

2013

1

6,832

14,350

 

2014

2

6,984

14,750

 

2015

3

7,068

15,005

 

2016

4

7,253

15,460

 

2017

5

7,892

16,893

 

2018

6

8,124

17,439

 

2019

7

8,250

17,821

 

Accident Year

Period 

Ultimate WC Frequency

Ultimate WC Losses (000's)

Average Severity

2013

1

6,832

8,325

 

2014

2

6,984

11,289

 

2015

3

7,068

16,036

 

2016

4

7,253

24,012

 

2017

5

7,892

34,213

 

2018

6

8,124

50,183

 

2019

7

8,250

73,565

 

Given this information, compute the following information for DFI:

  1. The incident rates for 2013-2019.  Using these rates, fit an estimation model and provide a forecast for the incident rate for 2020.  Show your model.  Also show any graphs necessary to justify the model you create.
  2. The average severity for 2013-2019.  Using these figures, fit an estimation model and provide a forecast for the average severity for 2020.  Show your model.  Also show any graphs necessary to justify the model you create.
  3. DFI estimates that it will have 18,150 workers in 2019.  Based on the forecasts you determine for the incident rate and average severity, give a forecast of the WC losses for 2020.  Show your calculations.

The answer to the above questions will be part of your forecasting quiz.  You are required to work on this assignment independently.  Each student should send me a copy of his or her own completed Excel file to receive credit for this quiz.  Failure to send me your file will result in a zero for your grade on the quiz.

Reference no: EM133099163

Questions Cloud

Sustainability for the environment and the stakeholders : Their efforts are spiking in improving the sustainability for the environment and the stakeholders. "Sustainability is built on the concept of being able to con
Develop an interview questionnaire : Leadership Theory and Practice contemporary leadership styles and approaches: Develop an Interview Questionnaire
What is the current share price : Metallica Bearings, Incorporated, is a young start-up company. If the required return on this stock is 13 percent, what is the current share price
Warren buffett approach to business dealings : What were some of Warren Buffett's approach to business dealings, especially as they relate to business ethics?
Determine for the incident rate and average severity : You are given the following information concerning past workers compensation losses for Doom Factory, Inc (DFI):
Make journal entries in the books of the head office : Make journal entries in the books of the head office and branch offices to record these transactions and to cover the branch's profit and loss
Creating a comfortable environment for teenage girls : Explain ways these exercises might be effective in creating a comfortable environment for these teenage girls.
Creating a comfortable environment : Explain ways these exercises might be effective in creating a comfortable environment for these teenage girls.
What amount should king recognize as gain on the redemption : On June 30, 2019, King Co, had outstanding 9%, P5M face value bonds maturing on June 30, 2024. what amount should king recognize as gain on the redemption

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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