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Metropolitan Hospital has estimated its average monthly bed needs as N 1000 9X where X time period months January 2002 0 N monthly bed needs Assume that no new hospital additions are

Metropolitan Hospital has estimated its average monthly bed needs as N = 1,000 + 9X where X = time period (months); January 2002 = 0 N = monthly bed needs Assume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years: MONTH ADJUSTMENT FACTOR January ............... +5% April ................ −15% July ............... +4% November ............. −5% December .............. −25% a. Forecast Metropolitan’s bed demand for January, April, July, November, and December 2007. b. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future Juneforecasts?

Apr 03 2020 View more View Less

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