By 2016 Employment is expected to go 14%
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In this context, the demand for nurses refers to the total number of nursing positions that healthcare facilities need to fill, which is projected to be 2,000,000. The supply of nurses represents the number of qualified nurses available to work, which is projected to be 2,001,998. This indicates a potential surplus of nurses, as the supply slightly exceeds the demand. The variables defined here are "demand for nurses" (2,000,000) and "supply of nurses" (2,001,998).
To calculate projected demand, you typically start by analyzing historical sales data to identify trends and patterns. You can use statistical methods such as moving averages or exponential smoothing to forecast future sales. Additionally, consider external factors like market conditions, seasonality, and economic indicators that may influence demand. Finally, combine these insights to create a comprehensive demand projection.
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amount of sales that are sought, pricing policies of competitors, profits that are projected, supply of the product that is available and projected demand for that product, the location of the business
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