BUSN 11 Introduction to Business Student Edition
11th Edition
ISBN: 9781337407137
Author: Kelly
Publisher: Cengage Learning
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Chapter 9, Problem 3LO
Summary Introduction
To discuss: The sources of funds to meet short-term and long-term financial needs.
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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?
General Accounting
Chapter 9 Solutions
BUSN 11 Introduction to Business Student Edition
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