Forecasting is a very valuable tool for healthcare managers and a key component of our quantitative analysis approach to leadership. Crucial here is an understanding of when to utilize forecasting and which specific forecasting model to apply in your own medical management role. Think about your own healthcare organization (if you are already working in the field) or a healthcare organization in your community and identify something specific which you would like to forecast for the organization. How would you apply forecasting to that specific service or process, and which forecasting model would be most appropriate and most effective? Be as specific as possible and explain the rationale for your choices.

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Forecasting The use of historic data to determine the direction of future trends Forecasti... View the full answer