Historical Data Used to Predict the Average or Trend of Actual

question 71

Multiple Choice

Historical data used to predict the average or trend of actual demand is based on which of the following assumptions?

• A)Past demand is not a reliable predictor of its future.
• B)Past demand is a reliable predictor of its future.
• C)Past demand is directly proportional to its future.
• D)Past demand is independent of its future.

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Definitions:

Managed-Care Organizations

Health insurance groups that provide healthcare services to their members through specific networks of doctors and hospitals under a fixed budget.

Control Health Care Costs

Efforts and measures taken to manage and reduce the expenses associated with health care services and treatments.

Two Main Types

Often refers to the classification of something into two broad, distinct categories; the specific context (e.g., of products, economic systems) defines what these are.

Health Care Coverage

Insurance or governmental support that helps cover the cost of medical care for individuals and families.