! Required information [The following information applies to the questions displayed below.] Lab Insight: Apply instructions from Lab 13-3 to the Alt Lab dataset Alt Lab 13-3 Data.xlsx. Required: Using Excel's forecasting sheet and available product demand, forecast product demand for Adventure Shoes from 2025 to 2026. Ask the Question: What will be the monthly demand for Hike 'Em Hiking Boots during 2025 and 2026? Master the Data: Open Excel file Alt Lab 13-3 Data.xlsx. Software needed • Excel • Screen capture tool (Windows: Snipping Tool; Mac: Cmd+Shift+4) Data: Alt Lab 13-3 Data.xlsx Perform the Analysis: Refer to Lab 13-3 Alternate in the text for instructions and Lab 13-3 steps for each the of lab parts. Answer the following questions based the details provided. Question 1. What is the forecast demand for the month of December 2026? Round to 2 decimal places. 2. Which month during 2025 and 2026 has the lowest forecasted demand? Answer February 2025 3.What is the maximum upper confidence bound for all months? Round to 2 decimal places. 4. What is the minimum lower confidence bound for all months? Round to 2 decimal places. 5. Which month has a forecast of 262.93? January 2025
! Required information [The following information applies to the questions displayed below.] Lab Insight: Apply instructions from Lab 13-3 to the Alt Lab dataset Alt Lab 13-3 Data.xlsx. Required: Using Excel's forecasting sheet and available product demand, forecast product demand for Adventure Shoes from 2025 to 2026. Ask the Question: What will be the monthly demand for Hike 'Em Hiking Boots during 2025 and 2026? Master the Data: Open Excel file Alt Lab 13-3 Data.xlsx. Software needed • Excel • Screen capture tool (Windows: Snipping Tool; Mac: Cmd+Shift+4) Data: Alt Lab 13-3 Data.xlsx Perform the Analysis: Refer to Lab 13-3 Alternate in the text for instructions and Lab 13-3 steps for each the of lab parts. Answer the following questions based the details provided. Question 1. What is the forecast demand for the month of December 2026? Round to 2 decimal places. 2. Which month during 2025 and 2026 has the lowest forecasted demand? Answer February 2025 3.What is the maximum upper confidence bound for all months? Round to 2 decimal places. 4. What is the minimum lower confidence bound for all months? Round to 2 decimal places. 5. Which month has a forecast of 262.93? January 2025
Essentials Of Business Analytics
1st Edition
ISBN:9781285187273
Author:Camm, Jeff.
Publisher:Camm, Jeff.
Chapter6: Data Mining
Section: Chapter Questions
Problem 20P
Related questions
Question
| Month | Monthly Product Demand |
| 2021-01-01 | 207.55 |
| 2021-02-01 | 208.25 |
| 2021-03-01 | 209.33 |
| 2021-04-01 | 210.11 |
| 2021-05-01 | 213.78 |
| 2021-06-01 | 225.12 |
| 2021-07-01 | 227.19 |
| 2021-08-01 | 218.92 |
| 2021-09-01 | 213.25 |
| 2021-10-01 | 210.75 |
| 2021-11-01 | 215.97 |
| 2021-12-01 | 223.97 |
| 2022-01-01 | 220.54 |
| 2022-02-01 | 213.47 |
| 2022-03-01 | 218.48 |
| 2022-04-01 | 222.07 |
| 2022-05-01 | 222.85 |
| 2022-06-01 | 236.38 |
| 2022-07-01 | 248.60 |
| 2022-08-01 | 234.45 |
| 2022-09-01 | 217.32 |
| 2022-10-01 | 222.56 |
| 2022-11-01 | 237.77 |
| 2022-12-01 | 245.59 |
| 2023-01-01 | 237.75 |
| 2023-02-01 | 213.70 |
| 2023-03-01 | 238.18 |
| 2023-04-01 | 244.78 |
| 2023-05-01 | 233.42 |
| 2023-06-01 | 241.35 |
| 2023-07-01 | 267.98 |
| 2023-08-01 | 249.97 |
| 2023-09-01 | 220.58 |
| 2023-10-01 | 233.12 |
| 2023-11-01 | 240.90 |
| 2023-12-01 | 268.61 |
| 2024-01-01 | 250.80 |
| 2024-02-01 | 225.31 |
| 2024-03-01 | 247.32 |
| 2024-04-01 | 248.50 |
| 2024-05-01 | 237.35 |
| 2024-06-01 | 258.62 |
| 2024-07-01 | 284.45 |
| 2024-08-01 | 256.21 |
| 2024-09-01 | 225.73 |
| 2024-10-01 | 234.07 |
| 2024-11-01 | 263.70 |
| 2024-12-01 | 286.03 |
Please help me with this problem! Please fully answer the rest fo the questions I have not answered.
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Required information
[The following information applies to the questions displayed below.]
Lab Insight: Apply instructions from Lab 13-3 to the Alt Lab dataset Alt Lab 13-3 Data.xlsx.
Required:
Using Excel's forecasting sheet and available product demand, forecast product demand for Adventure Shoes from 2025
to 2026.
Ask the Question: What will be the monthly demand for Hike 'Em Hiking Boots during 2025 and 2026?
Master the Data: Open Excel file Alt Lab 13-3 Data.xlsx.
Software needed
• Excel
• Screen capture tool (Windows: Snipping Tool; Mac: Cmd+Shift+4)
Data: Alt Lab 13-3 Data.xlsx
Perform the Analysis: Refer to Lab 13-3 Alternate in the text for instructions and Lab 13-3 steps for each the of lab parts.
Answer the following questions based the details provided.
Question
1. What is the forecast demand for the month of December 2026? Round to 2 decimal places.
2. Which month during 2025 and 2026 has the lowest forecasted demand?
Answer
February 2025
3.What is the maximum upper confidence bound for all months? Round to 2 decimal places.
4. What is the minimum lower confidence bound for all months? Round to 2 decimal places.
5. Which month has a forecast of 262.93?
January 2025](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F32a62cbb-5fa0-464c-8cfe-49942e816c35%2F567e3ee1-f435-4b3b-895f-c2f803d6e0db%2Fc5hhfk7_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
Lab Insight: Apply instructions from Lab 13-3 to the Alt Lab dataset Alt Lab 13-3 Data.xlsx.
Required:
Using Excel's forecasting sheet and available product demand, forecast product demand for Adventure Shoes from 2025
to 2026.
Ask the Question: What will be the monthly demand for Hike 'Em Hiking Boots during 2025 and 2026?
Master the Data: Open Excel file Alt Lab 13-3 Data.xlsx.
Software needed
• Excel
• Screen capture tool (Windows: Snipping Tool; Mac: Cmd+Shift+4)
Data: Alt Lab 13-3 Data.xlsx
Perform the Analysis: Refer to Lab 13-3 Alternate in the text for instructions and Lab 13-3 steps for each the of lab parts.
Answer the following questions based the details provided.
Question
1. What is the forecast demand for the month of December 2026? Round to 2 decimal places.
2. Which month during 2025 and 2026 has the lowest forecasted demand?
Answer
February 2025
3.What is the maximum upper confidence bound for all months? Round to 2 decimal places.
4. What is the minimum lower confidence bound for all months? Round to 2 decimal places.
5. Which month has a forecast of 262.93?
January 2025
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