Metropolitan Hospital has estimated its average monthly bed needs, N, as:N = 460 + 9Xwhere X = time period (months); (January 2002 = 0)Assume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors havebeen estimated, using data from the past five years:Forecast Metropolitan's bed demand for January, April, July, November, and December 2007.MonthAdjustment Factor (%)ForecastJanuary+5April-15July+4November-5December-25Suppose the following actual and forecast values for June bed demands have been recorded.Year ForecastActual20071,0451,13920069379742005829895200472174320036136562002505515What seasonal adjustment factor would you recommend be used in making future June forecasts?O 5.5%O 0.2%O 2.3%

Answered: Image /qna-images/answer/75f5c035-7ce6-46f9-b2d7-93c01ac755f5.jpg

Answered: What seasonal adjustment factor would…

Business

Economics

What seasonal adjustment factor would you recommend be used in making future June forecasts? 5.5% O 0.2% O 2.3%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: 8-21. Suppose natural gas experiences a 1.8% increase per year in real terms over the foresee- able…

A: Inflation rate: The rate at which the general price level of goods and services in an economy is…

Q: 2014 Tennis balls Golf balls Bottles of Gatorade Price $2 $4 $1 |Quantity 100 100 200 2015 Tennis…

A: Business is important all around the world. For the functioning of business, four factors of…

Q: Assignmen-1: Forecasting Demand 1. With reference to the data in table below, Calculate the…

A: To calculate the projected demand for both commodities (Food and Electronic Machines) for the years…

Q: Question 14 For a normally distributed variable with population mean-125 and s.d.-15, what score…

A: A probability distribution of a random variable X tells how the total probability of 1 is…

Q: Total fixed cost = $420. Variable cost/unit = $20 Revenue/unit $30. %3D The breakeven volume is…

A: Answer: 1Q) Option (c) is Correct = 42

Q: Suppose the process for y, is given by: Yt = 0.1 +0.4ut-1 +0.2ut-2 -0.1ut-3 + ut Given that you…

A: An optimal forecast refers to a prediction or projection of future events or outcomes that is…

Q: From 1970 to 2020, real per capita gross domestic product (GDP) in the United States increased by an…

A: Real GDP per capita is calculated by dividing a country's total economic output by its population…

Q: Computer Depot, a national computer retailer, has kept a record of the number af laptop computers…

A: Percentage:(number of days above 40/total days)*100

Q: 10. Dependent & independent variables; positive & inverse relationships: Consider the curve labelled…

A: Equilibrium refers to the point where demand curve intersect supply Curve

Q: With given data, determine forecast error of both currencies and note which of them was predicted…

A: Forecast error is the difference between the observed value and the advertised value for a given…

Q: Chavez Corporation reported the following data for the month of July Inventories Beginning Ending…

A: Given,InventoriesBeginningEndingRaw materials$34,000$33,500Work in process$19,500$24,000Finished…

Q: Another nonmanufacturing expense category to consider is administrative expenses, in our example the…

A: 1400+135+300+500+150=2,485

Q: According to BLS, what is the current (March, 2022) value of misery index? A) 3.9% B) 12.1% C) 7.9%…

A: The answer is - B) 12.1%

Q: If the CPI increases from 135 in 2006 to 154 in 2007, the rate of inflation between 2006 and 2007…

A: CPI can be used to calculate the inflation between two period of time given the formula of…

Q: Period 1 3 4 5 6 Gross Requirements 50 50 50 50 50 50 Scheduled Receipts On Hand Inventory 75…

A: The complete MRP table is shown below. Based on this we can answer

Q: Question 3 When the Acme T-shirt company charges $12 dollars, they sell 150 shirts a week. When they…

A: The most common use of percentage change in finance is to monitor changes in stock and market index…

Q: Which trend would you choose to forecast the 2013 value of Bob's beer can collection?

A: R-square (i.e., R2)measures the variation in the dependent variable explained by the independent…

Q: The base year is 2009. Your nation's GDP is $1,000 billion. The amount of inflation between 2009 and…

A: Understanding GDP and Inflation:1. GDP (Gross Domestic Product):Definition: GDP represents the total…

Q: PRICE PRICE FIGURE 1 FIGURE 3 DEMAND QUANTITY DEMAND QUANTITY PRICE PRICE FIGURE 2 DEMAND FIGURE 4…

A: Elasticity of demand refers to the degree to which the quantity of a good or service demanded…

Q: 10. Dependent & independent variables; positive & inverse relationships: Consider the curve labelled…

A: Equilibrium refers to the point where demand curve intersect supply Curve

Q: According to the "advance" estimate from the Bureau of Economic Analysis, by how much did the United…

A: The Bureau of Economic Analysis (BEA) releases quarterly estimates of the real gross domestic…

Q: The consumer price index was 100 in 1994 and 103.3 in 1995. Therefore, the rate of inflation in 1995…

A: In the economic realm, the Consumer Price Index (CPI) serves as a vital indicator, reflecting…

Q: 4- Serial independence is the same as no autocorrelation. * True O False

A: Serial correlation is being used for describing the relationship between observations of the same…

Q: When forecasting future sales based on the most recent years's total revenue growing at a revenue…

A: To forecast future sales based on previous revenues would be done as: As the sales/revenues of year…

Q: do fast

A: Step 1:

Q: Suppose that the demand for a product is 8000 unit per year, order cost is 500 $ and the inventory…

A: EOQ: It means the order quantity that minimizes the total holding costs and ordering costs.

Q: Consider the market for corn. Assume that the long-run equilibrium price of corn is decreasing over…

A: A firm achieves long-run equilibrium when it adjusts its input to produce output at the minimum…

Q: Which of the following statements are true? Choose one or more: DA They will borrow between the ages…

A: Income is the money that an individual or business receives in exchange for providing a good or…

Q: The fixed cost of a new real estate company selling low-cost housing units in a relocation area is…

A: Break even point is the point at which total revenue equals total cost. In other words, for the…

Q: If you invest $10,000 now into a project that will yield net revenues of $1,560 at the end of each…

A: ERR refers to equates the FW of positive cash flows using MARR to te FW of negative cash flows using…

Q: The present worth of an arithmetic gradient will always be located: Select one: O a. the same period…

A: When making financial analysis, different types of analytical tools are used based on the…

Q: If a one-year Treasury bill with a face value of $1000 sells for $985, then the return af one year…

A: DIFFERNCE= 1000-985 = 15 DIFFERNCE/BASE VALUE = 15/985 = 0.01522 X 100 1.52%

Q: 6. From the following graph, determine the equation of the linear trend line for time-share sales…

A: Historical time series data are fitted with a line using linear trend forecasting. It is a…

Q: Which of the following statement about R^2 is and adjusted-R^2 is correct? O a. O b. Both Statements…

A: The inquiry introduced is about the factual measures R2 and changed R2 inside the setting of relapse…

Q: 2 3 4 5 6 7 8 9 A Year 10 11 B DOD_constant_prices 8 576 565 318 13 985 589 297 13 745 785 564 19…

A: GDP: The standard measure of the value added generated by the production of goods and services. It…

Q: Roger Marquez purchases a lot for $ 40,000 cash and plans to sell it after 5 years. If he wants an…

A: Basics:- Nominal Interest Rate = Real Interest Rate and Inflation Rate (1 + i )…

Q: Eddie Guitars 32 28 24 20 16 12 8 4 0 Tubas 0 1 2 3 4 5 6 7 8 Dave Guitars 25 20 15 10 5 0 Tubas 0 1…

A: Absolute advantage is when the one can produce more as compared to other with using the same…

Q: If M = 3,500, P=4.5, and Y = 6,000, what is velocity? Oa. 8 %3D %3D Ob.2 Oc. 2.25 d. 0.58

A: velocity of money is a measurement of the rate at which money is exchanged in an economy , so here…

Q: Balange Puoidrase 98sue Oty. Rate Anut. Date Rate Sut. Oty Rate ut. Janz. 3500 14 16 250 3500 250 14…

A: As per table 1 data- Highest issued price is $14.9 on 20 January and 23 January Lowest issued price…

Q: Plz correct option

A: Unemployment rate represents the percentage of the total labor force that is unemployed but are…

Q: The annual fuel costs to operate small solid-waste treatment plant arc projected lo be $1.8 million.…

Question

Metropolitan Hospital has estimated its average monthly bed needs, N, as:
N = 460 + 9X
where X = time period (months); (January 2002 = 0)
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:
Forecast Metropolitan's bed demand for January, April, July, November, and December 2007.
Month
Adjustment Factor (%)
Forecast
January
+5
April
-15
July
+4
November
-5
December
-25
Suppose the following actual and forecast values for June bed demands have been recorded.
Year Forecast
Actual
2007
1,045
1,139
2006
937
974
2005
829
895
2004
721
743
2003
613
656
2002
505
515
What seasonal adjustment factor would you recommend be used in making future June forecasts?
O 5.5%
O 0.2%
O 2.3%

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

(Q1-Q3] are based on the initial (Situation 0] below: [Situation 0] • Since LONG AGO, the home country has been in a LR eq'm, where i) PPP holds, i) the expected ER (i.e., E") is equal to the actual spot ER (i.e., E), iii) P = P = 1, Y, = Ypotentiat iv) i = i =5 (%) • Note: interest rates are in % terms, so you need to use i = i' + 100(E /E - 1) • The initial ISo curve is a straight line as shown in the [FIGURE 1_Handout (FINAL) , and its slope (45- degree) is preserved when it shifts. • Consumption: C = Č + MPC x (Y – T), MPC=0.75 • Investment: I depends negatively on nominal interest rate i. • TB= TB +2.5 x (EP"/P)-0.5 x Y, TB, = 0 • Money demand: MD = P x (Y - i+2 + 4), where the money demand shock v is 0. • Money supply: M = 2.
When AP L is positive but declining, the MP L could be (i) declining (ii) zero (iii) negative or (iv) any of them. Which one is the correct alternatives? Explain with diagram.
Solve the attachment
Karrie's income varies directly as the number of days that she works. If she earns Php 9,000.00 in 15 days, how much will she earn if she worked 2 times as long?
Which of the following is the effective date for SAS No. 134-140 per SAS No. 141? O a. Audits of periods ending on or after December 15, 2020, with early application permitted. O b. Audits of periods ending on or after December 15, 2020, with early application not permitted. O c. Audits of periods ending on or after December 15, 2021, with early application not permitted. Od. Audits of periods ending on or after December 15, 2021, with early application permitted.
A condominium developer in Pattaya asked a local estate agent for advice about the sale price he should setfor a room at his newly developed condominium. The room size is 65 square meters. The real estate agent saidthat a comparable condominium in a similar location is currently for sale asking for a price of THB 2.5 millionfor a room of 40 square meters. Nevertheless, this new condominium has a sea view, for which customers arewilling to pay an additional THB 300,000. However, being located near the sea also has a disadvantage. Somecustomers are afraid of tsunami, which reduces their value perception by THB 100,000. The total cost for thedeveloper for this new room is THB 550,000, out of which 250,000 is fixed costs.3.1. From the case, how much (THB) is the reference value for a room at the new condominium?3.2. How much is the positive differentiation value (THB) for a room at the new condominium?3.3. How much is the negative differentiation value (THB) for a room at the new…
Calculate the equivalent AW at i= 10% per year for the following net cash flow Year Cash flow, $ -2,000 2,000 3. 2,000 5,000 5,000 9. 5,000 Select one: O a 573.9 O b. 1,431.9 Oc.1,860.9 Od. 1,002.9 O e. 2.289.9
please answer asap
D3)
Only typed answer
FiranceCorp has fxed costs of $12 inilion and profits of $4 million. What is its degree of operating everage (DOLU? IDo not round intermediate cakulations, Round your answer to 2 decimal places) O 2.50 130 0100
A condominium developer in Pattaya asked a local estate agent for advice about the sale price he should setfor a room at his newly developed condominium. The room size is 65 square meters. The real estate agent saidthat a comparable condominium in a similar location is currently for sale asking for a price of THB 2.5 millionfor a room of 40 square meters. Nevertheless, this new condominium has a sea view, for which customers arewilling to pay an additional THB 300,000. However, being located near the sea also has a disadvantage. Somecustomers are afraid of tsunami, which reduces their value perception by THB 100,000. The total cost for thedeveloper for this new room is THB 550,000, out of which 250,000 is fixed costs.3.1. From the case, how much (THB) is the reference value for a room at the new condominium?3.2. How much is the positive differentiation value (THB) for a room at the new condominium?3.3. How much is the negative differentiation value (THB) for a room at the new…