San Diego Hospital wants to improve its forecasting by applying both trend and seasonal indices to 66

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San Diego Hospital wants to improve its forecasting by applying both trend and seasonal indices to 66 months of data it has collected. It will then forecast “patient days” over the coming year.

APPROACH c A trend line is created; then monthly seasonal indices are computed. Finally, a multiplicative seasonal model is used to forecast months 67 to 78.

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