Question: 1 . 2 The case study mentions that a European bank reduced forecast error by 4 0 % and improved productivity by 3 0 -

1.2 The case study mentions that a European bank reduced forecast error by 40% and improved productivity by 30-50% by implementing a new forecasting system. Consider a similar situation in a hospital emergency room (ER) that struggles with fluctuating patient arrival rates. What specific types of data would be critical for forecasting patient arrival rates and optimizing staffing levels? (5 Marks)

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