Description
Few questions on chapter 21, 22 and 23 from the book financial management for nurse managers and executives fourth edition
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Explanation & Answer
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Outline
Surname 1
First Second Name
Course
Date
Problem Set 7
CHAPTER 21
1.
Patients’ volume
Consumption of resources (for a given unit in hospital) i.e. demand
Workforce variability
Occurrences of epidemics
2.
Problem definition
Gathering information
Preliminary (exploratory) analysis
Choosing and fitting models
Using and evaluating a forecasting model
3.
Forecasting is mechanical as far as the gathering of data, and majorly the use of both the
qualitative and quantitative forecasting techniques. In this case, the entry of data, the
assessment, preparation of reports, coordination of staff among other mechanically
undertaken activities.
Surname 2
4.
No.
The techniques might be sophisticated but are not fully immune to inaccuracies. In...