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The numbers of patient arrivals to the ER department at a local hospital for the past 5 weeks are: week: 1 , 2 , 3 , 4 , 5 arrivals: 405 ,420 , 400 , 380 , 411 a) Compute a three-week moving average forecast for the arrival of medical clinic patients in week 6. b) What is the forecast for week 7 given the available information? c) If the actual number of patient arrivals in week 6 is 415, what is the forecast error for week 4? d) What is the updated forecast for week 7 given the info in part c)? e) Calculate the forecast for week 7 using the exponential smoothing method with a smoothing factor ? = 0.2. f) Which of the two forecasting methods is providing more accurate forecasts? Compare their performance to recommend one to the hospital for continued use.
Over last year 1,400 injections were administered at a clinic. In five of these instances, incorrect dose was given. Illustrate what is epmo metric also illustrate what six sigma level does it correspond to.
During the day, the traffic on North Monroe Street in Quincy is fairly steady, but the traffic conditions can vary considerably from one hour to the next due to slow drivers and traffic accidents
what factors have contributed to the increase awareness of quaility in modern business?
Each year, the Schriber Corporation must determine how much to contribute to the company's pension plan. The company uses a ten-year planning horizon to determine the contribution which, if made annually in each of the next ten years, would allow for..
What are the 2s control limits for the third model? Plot the error terms. What is your conclusion about the forecasting model?
The Fed is concerned with interest rate levels and the possibilitiy of inflation. Given the gollowing information, calculate the expected inflation premiums over hte next three years.
Which behaviors, thinking approaches, emotional stances, decisions, and business management actions can be found in the two readings that pertain to adaptability
What is the reorder point? If Ray wishes to increase the service level to 95%, then what is the new level of safety stock?
How can intelligence on competitors' strategies best be gathered? A. Observation of their market activities. B. Tracking of their service volumes and market share. C. A & B.
calculate the start and finish times for each activity and determine the minimum number of weeks for completing the project. find the critical set of activities for the project.
The maximum amount available of the "Other" ingredients is 125 tons. The cement sells for $60 per ton. The organization needs to maximize its profit. Formulate the linear programming problem to maximize the profit.
The owner of a motel is considering outsourcing the daily room cleanup to Duffy's Maid Service. The manager rents an average of 50 rooms for each of 365 nights.
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