Problem 1: Apply the forecasting model that you have chosen to a specific situation within a healthcare company. It's important that you apply the forecasting procedure that you chose to a healthcare operation. Please do not just summarize the various models from the textbook. You may want to draw on your own experience working in a healthcare organization-a hospital, clinic, or another healthcare facility. You could also look at Yahoo! Finance - Healthcare Industry to find a company to analyze. Be specific in the variables that you include in your forecasting model.
Problem 2: Provide an analysis of how the forecasting model you chose would impact the managerial decision-making process at the healthcare company:
- Explain how the forecasting model would help or hinder the decision-maker of the healthcare company. Be specific when identifying the variables in your forecasting model.
- Cite any specific data you can find.
Problem 3: Identify how the industry data in your forecast adds relevant information about projecting trends in the healthcare industry.
- Cite a minimum of three scholarly resources.