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Homework answers / question archive / MAT 543 Week 5 Assignment – Forecasting Overview 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
MAT 543 Week 5 Assignment – Forecasting
Overview
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.
Instructions
Write a 2–3-page paper in which you:
1. Explain each step in the forecasting process for each method.
2. Provide a brief summary of your researched health services organizations implementing the forecasting methods.
3. Provide a forecast of the number of clinic visits for November 2008 using each method of the forecasting process.
4. Conclude which forecasting method provides the best forecast and provide a rationale for your conclusion.
Scoring Rubric
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1. Explain each step in the forecasting process for each method. 25 % |
Did not submit or did not explain each step in the forecasting process for each method. |
Partially explained each step in the forecasting process for each method. |
Satisfactorily explained each step in the forecasting process for each method. |
Thoroughly explained each step in the forecasting process for each method. |
|
2. Provide a brief summary of your researched health services organizations implementing the forecasting methods. 20 % |
Did not submit or incompletely provided a brief summary of your researched health services organizations implementing the forecasting methods. |
Partially provided a brief summary of your researched health services organizations implementing the forecasting methods. |
Satisfactorily provided a brief summary of your researched health services organizations implementing the forecasting methods. |
Thoroughly provided a brief summary of your researched health services organizations implementing the forecasting methods. |
|
3. Provide a forecast of the number of clinic visits for November 2008 using each method of the forecasting process. 25 % |
Did not submit or did not provide a forecast of the number of clinic visits for November 2008 using each method of the forecasting process. |
Partially provided a forecast of the number of clinic visits for November 2008 using each method of the forecasting process. |
Satisfactorily provided a forecast of the number of clinic visits for November 2008 using each method of the forecasting process. |
Thoroughly provided a forecast of the number of clinic visits for November 2008 using each method of the forecasting process. |
|
4. Conclude which forecasting method provides the best forecast and provide a rationale for your conclusion. 15 % |
Did not submit or did not conclude which forecasting method provides the best forecast; did not provide a rationale for your conclusion. |
Partially concluded which forecasting method provides the best forecast; partially provided a rationale for your conclusion. |
Satisfactorily concluded which forecasting method provides the best forecast; satisfactorily provided a rationale for your conclusion. |
Thoroughly concluded which forecasting method provides the best forecast; thoroughly provided a rationale for your conclusion. |
|
5. Writing: Support for ideas. 5 % |
Rarely uses reasons and evidence that logically support ideas. |
Partially uses reasons and evidence that logically support ideas. |
Mostly uses reasons and evidence that logically support ideas. |
Consistently uses reasons and evidence that logically support ideas. |
|
6. Writing: Grammar and mechanics. 5 % |
Numerous errors in grammar, spelling, and punctuation. |
Partially free of errors in grammar, spelling, and punctuation. |
Mostly free of errors in grammar, spelling, and punctuation. |
Completely free of errors in grammar, spelling, and punctuation. |
|
7. Writing: Documentation of research and sources. 5 % |
insufficient or incorrect documentation of sources. |
Partly correct usage of in-text citations and references to document sources. |
Mostly correct usage of in-text citations and references to document sources. |
Completely correct usage of in-text citations and references to document sources. |
