Demand for patient surgery at a hospital has increased steadily in the past few years, as...

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Demand for patient surgery at a hospital has increased steadily in the past few years, as seen in the table below. The director of medical services predicted six years ago that demand in year 1 would be 42 surgeries. Using exponential smoothing with a weight a = 0.20, develop forecasts for years 2 - 6 (to 1 decimal place). (Explain financial forecasting techniques, models, and best practice). Mont Surgerie h 1 123456 2 3 4 6 S Perform ed 45 50 52 56 58 Calculation Foreca st Why is it important to identify milestones and critical events? Demand for patient surgery at a hospital has increased steadily in the past few years, as seen in the table below. The director of medical services predicted six years ago that demand in year 1 would be 42 surgeries. Using exponential smoothing with a weight a = 0.20, develop forecasts for years 2 - 6 (to 1 decimal place). (Explain financial forecasting techniques, models, and best practice). Mont Surgerie h 1 123456 2 3 4 6 S Perform ed 45 50 52 56 58 Calculation Foreca st Why is it important to identify milestones and critical events?

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Solution Financial forecasting is the process of predicting future financial outcomes based on past data and other relevant information It is an essential tool for businesses organizations and individ... View the full answer