A hospital administrator wanted to predict the number of patients her hospital would admit in 1990. The

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A hospital administrator wanted to predict the number of patients her hospital would admit in 1990. The following data were obtained from past records:

a. What would the best prediction be for the number of admissions expected in 1990?

b. What serious caution should the administrator be aware of when making her prediction?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: May 12, 2019 11:32 PM

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A hospital administrator wanted to predict the number of patients her hospital would admit in 1990. The

Question:

Year Number of Admissions 1960 1965 1970 1975 1980 812 983 1127 904 1768 Year Number of Admissions 1960 1965 1970 1975 1980 812 983 1127 904 1768

Expert Answer:

Summary output ANOVA a Therefore forecast for year 1... View the full answer

Intermediate Accounting

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