Attach are the rest
Which assumption would guide decision making when attempting to forecast the impact of a new government regulation?
|
| the past predicts the future | |
|
| cause and effect | |
|
| general naiveté | |
|
| general indifference |
A manager who is effective with forecasting will be able to do what?
|
| reduce forecasting errors | |
|
| make accurate forecasts | |
|
| predict employee relationships | |
|
| eliminate error |
What should be the goal of analytic forecast methods?
|
| Get the ‘right’ forecast. | |
|
| Choose the forecast that extends furthest into the future. | |
|
| Choose the forecast that minimizes systematic error. | |
|
| Choose the forecast that minimizes random error. |
Most forecasting problems faced by the health services manager can be accomplished using some form of forecasting known as what?
|
| judgment forecasting | |
|
| analytic forecasting | |
|
| expert forecasting | |
|
| genius forecasting |
What is another name for the analytic branch of forecasting?
|
| judgmental forecasting | |
|
| genius forecasting | |
|
| expert forecasting | |
|
| statistical forecasting |
Which moving average best minimizes the variation in historical data and is the recommended moving average to use for forecasting?
|
| ||
|
| ||
|
| ||
|
|
If forecasting using 33 months of historical data, how many months should you forecast if using moving averages, n=2?
|
| ||
|
| ||
|
| ||
|
|
Using a smoothing constant of 0.3, 0.35, or 0.4 will produce what types of forecasts?
|
| equally accurate forecasts | |
|
| widely varying forecasts | |
|
| forecasts with small variances | |
|
| forecasts with statistical differences |
The quantitative rationale for choosing between forecasting methods is known as what?
|
| best fit predictor | |
|
| least error estimator | |
|
| line of best fit | |
|
| mean absolute deviation |
Average percent change as a forecasting method relies on what primary assumption?
|
| cause and effect | |
|
| the past predicts the future | |
|
| naiveté | |
|
| imputation |
What is the purpose for using confidence intervals in regression forecasting?
|
| to place ranges around linear point estimates going into the future | |
|
| to place ranges around linear point estimates going into the past | |
|
| to place ranges around linear point estimates that reside in a cluster | |
|
| to place ranges around linear point estimates that have minimal statistical congruence |
What does the y-intercept of a regression equation represent?
|
| the predicted level of X when y equals 1 | |
|
| the predicted level of y when x equals 1 | |
|
| the predicted level of X when y equals zero | |
|
| the predicted level of y when x equals zero |
What is another name for regression analysis?
|
| ordinary least squares regression | |
|
| extrapolated squares | |
|
| exponential regression | |
|
| atypical squares regression |
The price per test is $85, and the variable cost per test is $15. What is the contribution margin per test?
|
| $65 | |
|
| $70 | |
|
| $75 | |
|
| $80 |
System capacity is created from what?
|
| knowledge of past resources that was effective | |
|
| knowledge outcomes that increase efficiency | |
|
| available resources | |
|
| predicted resources |
Capacity analysis provides a quantitative methodology for establishing what?
|
| production opportunities | |
|
| production constraints | |
|
| production successes | |
|
| production expenses |
