Reference no: EM131155498

Compose a 2-to-5 page paper in which you:

• Provide an overview of a Forecasting Technique or Forecasting Procedure:
• Develop a specific forecasting model from those that are included in Chapter 5 of the textbook.
• • Keat, P., Young, P., & Erfle, S. (2013).Managerial economics: Economic tools for today's decision makers(7^thed.). Upper Saddle River, NJ: Pearson Prentice Hall. ISBN: 978-0-13-302026-7. Note to students: Prentice Hall offers free support materials for this text.
• Apply the Forecasting Model to a Company Situation or a Condition within the Healthcare Industry:
  • Link the forecasting procedure to a company in healthcare industry or an element in the healthcare business.
  • Explain how the forecasting model would be helpful for decision-making process within the organization/topic.
  • Cite any specific data you can find in your report. 
  • Link the theoretical concept to an applied application within the health care business setting.
• Comment on how the Forecast Model would Impact the Managerial Decision-Making Process:
  • Describe how the forecasting procedure would help or hinder the decision-maker of a healthcare company or healthcare facility.
  • Identify how the industry data in your forecast adds relevant information about projecting trends the healthcare industry.