MAT/543 MAT543 MAT 543 WEEK 7 EXAM 2

A health services manager would be mistaken to use which forecasting technique when making long-term predictions?

Most forecasting problems faced by the health services manager can be accomplished using some form of forecasting known as what?

What is another name for the analytic branch of forecasting?

Generally, the error inherent in judgment forecasting is considered to be what?

What is analytic forecasting useful for predicting?

The quantitative rationale for choosing between forecasting methods is known as what?

Using moving averages for n = 2 and n = 3 will produce what types of forecasts?

What is true of exponential smoothing?

Using a smoothing constant of 0.3, 0.35, or 0.4 will produce what types of forecasts?

If forecasting using 33 months of historical data, how many months should you forecast if using a 95% Confidence Interval?

What is another name for regression analysis?

What does a slope of zero mean?

What does the y-intercept of a regression equation represent?

What is the purpose of regression analysis?

The mean absolute deviation of the regression forecast is determined through what mechanism?

The price per test is $85, and the variable cost per test is $15.  Using this information, what is the breakeven point in volume if the allocated fixed costs were $210,000?

The price per test is $85, and the variable cost per test is $15.  Using this information, what is the breakeven point in volume if the allocated fixed costs were $350,000? 

What is true of system capacity?

How can the capacity of any specific work process be determined?

Capacity analysis provides a quantitative methodology for establishing what?

What is it called when a unit switches lines in order to get on a shorter line?

In the single server single channel queue theory models, the closer μ is to λ, which will be higher?

In the language of queuing theory, what occurs when a unit waiting in line for service decides that the wait is too long and leaves the line?

When queuing theory models are used in the development of appointment system, giving appointments every 15 minutes is the same as an arrival rate of how many per hour?

In a single channel single server system, if the service rate is 6 per hour and the arrival rate is 4 per hour, what is the average time a unit spends waiting in the system (Wq)?