Question: To complete this task, you'll be expected to use the Data Analysis ToolPak to perform the 3 year and 5 year moving averages, chart the
To complete this task, you'll be expected to use the Data Analysis ToolPak to perform the year and year moving averages, chart the moving averages along with the historical bed utilization data, and then complete your descriptive analysis. Next, you'll summarizing AND interpreting the findings from your forecasting and descriptive analysis into a professional business memorandum to Mr Fisher.
You may want to consider your responses to the below questions; review the current literature; and watch the recommended YouTube videos located under the Help section in preparation for composing your business memorandum to Mr Fisher.
What is the true purpose for conducting a descriptive analysis on a given dataset?
How do I accurately interpret the output from the descriptive analysis?
What is forecasting?
Why is forecasting necessary in business?
What are the strengths and weaknesses associated with forecasting?
What are the strengths and weaknesses associated with conducting a moving average?
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