Regression forecasting
Why is regression forecasting such a useful and important tool in healthcare? Provide at least two examples of how you will utilize regression forecasting in your own practice of healthcare administration.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
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Regression forecasting is of great importance in the healthcare sector, as it enables it to quantitatively describe the relationship between predictors and outcomes. Regression enables people working in the sector to combine mathematical operations and functions in order to describe the relationship among various variables in the best way possible. Through regression, the healthcare organization will be in a position to identify the number of patients that it will receive during a specific period. Regression is usually favored………………..
APA
351 Words