The Billings Multi-Specialty Physician
Group Practice is trying to forecast the number of patient...

Question

The Billings Multi-Specialty Physician
Group Practice is trying to forecast the number of patient visits it will have
for the coming year. It has data from the previous 3 years to use for the
forecast. (See Appendix 3-B to complete this problem.)

a. Create a graph of the historical data
that demonstrates whether the volume contains a trend, a seasonal component, or
both. 

b. Develop a forecast for the next four
quarters. Use whatever approach is appropriate given the pattern identified in
the data.

Rochak · Accepted Answer

1. Graph
From the above graph, though the number of patients is in an uptrend there is a seasonality component to it as well which makes the number dip in July-September and again in January-March. 
2. Forecast for Year 4
	Year 4
	July - September
	       38,

The Billings Multi-Specialty Physician Group Practice is trying to forecast the number of patient visits it will have for the coming year. It has data from the previous 3 years to use for the...

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