Holt-Winters Forecasting: A Study of Practical Applications for Healthcare Managers

Abstract

Healthcare managers often encounter the need for accurate and reliable forecasts. Decisions about staffing, purchasing, and healthcare delivery depend on the ability to analyze data and predict future observations. Qualitative methods can help with strategic planning in a changing environment; however, quantitative techniques may prove more appropriate in some cases. A basic understanding of forecast modeling can save valuable time and resources. This study demonstrates the use of the Holt-Winters model on common healthcare data series.

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Document Details

Document Type
Technical Report
Publication Date
May 25, 2006
Accession Number
ADA473648

Entities

People

  • Joan H. Newberne

Tags

DTIC Thesaurus Topics

  • Accuracy
  • Application Software
  • Business Administration
  • Delphi Method
  • Department Of Defense
  • Drug Abuse
  • Economic Forecasting
  • Health Care
  • Health Services
  • Management Personnel
  • Myocardial Ischemia
  • Organizational Structure
  • Patient Care Management
  • Reliability
  • Respiratory Tract Diseases
  • Spreadsheet Software
  • Therapy

Fields of Study

  • Medicine

Readers

  • Computational Modeling and Simulation
  • Economics
  • Medical or Health Care Field.