Refer to the following data set for nurse staffing hours in Hospital XYZ.
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34,081
1997
41,008
2002
47,000
70,456
1993
37,051
1993
41,817
2003
51,206
87,865
1994
36,845
1999
46,815
2004
78,456
75,084
1995
37,815
2000
45,845
2005
62,559
77,615
1996
39,908
2001
46,036
2006
68,048
81,084
a. Using the latest period or naive method, compute the forecast for nurse staffing hours in 2012.
b. Model the time series using Excel’s TREND function.
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