BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
11th Edition
ISBN: 9781337407120
Author: Marcella Kelly, Chuck Williams
Publisher: Cengage Learning
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Chapter 10, Problem 2LO
Summary Introduction
To discuss: The basic laws, which governs the operations of financial markets and its impact.
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8 marks financial accounting
Question 3
Data collected on patient days in a hospital over the past 12 months are shown in the following table.
Month
Patient Days
January
543
February
528
March
531
April
542
May
558
June
545
July
543
August
550
September
546
October
540
November
535
December
529
a) Using a weight of .50 for the most recent observation, .30 for the second most recent, and .20 for third most
recent, compute a three-month weighted moving average for the time series. Compute the MAD, MSE and MPE for
this method.(
b) Use exponential smoothing with a smoothing constant of 0.30 to forecast the patient days.
Assume that last period's forecast for month 1 is equal to actual to begin the procedure. Which method do you think
is best? Is this an improvement over the weighted average- use MAD only
c) Use regression analysis to estimate the line of best fit -use the manual method with the formulas shown below.(
The cost of common equity?
Chapter 10 Solutions
BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
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