Define forecasting and trend analysis


Assignment task:

In Healthcare Administration leadership roles, there is always data to analyze. Having a good background in data analysis will help you make smarter decisions. Patient Census, Occupancy Rates, and Length of Stay are areas that require daily monitoring of the data allowing healthcare administrators to forecast outcomes and provide sound decisions for the healthcare organization.

Define the terms:

  • Forecasting and Trend Analysis
  • Open-Source/Free-ware software tools
  • Normal Distribution.
  • Discuss why each is important to know when planning research and collection of data

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