1. What did Mary's autocorrelation analysis show?
2. Fit an appropriate smoothing procedure to Mary's data, examine the residual autocorrelations, and generate forecasts for the remainder of FY2003-04. Do these forecasts seem reasonable?
3. Given the results in Question 2, do you think it is likely another forecasting method would generate "better" forecasts? Discuss.
4. Do you think additional medical staff might be needed to handle future demand? Write a brief report summarizing Mary's data analysis and the implications for additional staff.
Mary Beasley is responsible for keeping track of the number of billable visits to the Medical Oncology group at Southwest Medical Center. Her anecdotal evidence suggests that the number of visits has been increasing and some parts of the year seem to be busier than others. Some doctors are beginning to complain about the work load and suggest they don't always have enough time to interact with individual patients.
Total Billable Visits to Medical Oncology, FY1995 ? FY2004
This question was answered on: Jul 11, 2017
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