Question: The Billings Multi- Specialty Physician Group Practice is trying to forecast the number of patient visits it will have for the coming year. It has
The Billings Multi- Specialty Physician Group Practice is trying to forecast the number of patient visits it will have for the coming year. It has data from the previous three years to use for the forecast.
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a. Create a graph of the historical data that demonstrates whether the volume contains a trend, a seasonal component, or both.
b. Develop a forecast for the next four quarters. Use whatever approach is appropriate given the pattern identified in thedata.
Year Patent Visits 20,000 23,000 27,000 20,000 21,000 25,000 29,000 20,000 19,000 24,000 26,000 21,000
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