a. Using trend (linear regression) analysis, predict the number of patients Dr. Fok will see in years 11 [Select] 12 [Select] b. What is the MAD? [Select] as a function of time. c. What is the correlation coefficient - r-value? [Select] % and
a. Using trend (linear regression) analysis, predict the number of patients Dr. Fok will see in years 11 [Select] 12 [Select] b. What is the MAD? [Select] as a function of time. c. What is the correlation coefficient - r-value? [Select] % and
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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As per this Q, I would consider the Year as an independent variable and the number of patients as the dependent variable, there are multiple sub-parts in one question, and as per the instruction, the first three sub-parts are taken for answering purposes, I would apply the linear regression forecasting technique,
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d. Now based on regression analysis predict the number of patients that Dr. Fok will see in year 11 and 12 based on the
e. What is the MAD?
f. What is the correlation Coefficient – r-value? %
g. Based on the overall analysis, how well does each model fit the data?
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