Time Series Analysis Predicting Future Hiking Shoe Demand - Download the Hiking Shoe Demand Time Series dataset in Excel which has hiking shoe sales over 48 months from January 2021 to December 2024. (Hint: It may be helpful to complete Lab 8-6 before completing this problem). Required: Answer the following questions based on the information provided. Note: Round your answers to 2 decimal places. Question 2. What is the expected hiking shoe demand in December 2026? 3. What is the upper limit (upper confidence bound) in November 2025? 4. What is the lower limit (lower confidence bound) in November 2025? Answer 144.41
Time Series Analysis Predicting Future Hiking Shoe Demand - Download the Hiking Shoe Demand Time Series dataset in Excel which has hiking shoe sales over 48 months from January 2021 to December 2024. (Hint: It may be helpful to complete Lab 8-6 before completing this problem). Required: Answer the following questions based on the information provided. Note: Round your answers to 2 decimal places. Question 2. What is the expected hiking shoe demand in December 2026? 3. What is the upper limit (upper confidence bound) in November 2025? 4. What is the lower limit (lower confidence bound) in November 2025? Answer 144.41
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 11P: For the Hawkins Company, the monthly percentages of all shipments received on time over the past 12...
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Question
Answer 1 and 2 please!!! here is the data you needf:
| Month | Monthly Product Demand |
| 2021-01-01 | 100.32 |
| 2021-02-01 | 102.57 |
| 2021-03-01 | 103.32 |
| 2021-04-01 | 104.45 |
| 2021-05-01 | 108.78 |
| 2021-06-01 | 110.10 |
| 2021-07-01 | 112.99 |
| 2021-08-01 | 113.27 |
| 2021-09-01 | 108.22 |
| 2021-10-01 | 107.20 |
| 2021-11-01 | 114.90 |
| 2021-12-01 | 117.88 |
| 2022-01-01 | 104.92 |
| 2022-02-01 | 112.06 |
| 2022-03-01 | 112.56 |
| 2022-04-01 | 109.18 |
| 2022-05-01 | 111.41 |
| 2022-06-01 | 112.62 |
| 2022-07-01 | 122.41 |
| 2022-08-01 | 124.90 |
| 2022-09-01 | 111.65 |
| 2022-10-01 | 115.37 |
| 2022-11-01 | 120.23 |
| 2022-12-01 | 120.64 |
| 2023-01-01 | 106.34 |
| 2023-02-01 | 115.43 |
| 2023-03-01 | 119.18 |
| 2023-04-01 | 110.58 |
| 2023-05-01 | 112.89 |
| 2023-06-01 | 117.91 |
| 2023-07-01 | 123.61 |
| 2023-08-01 | 128.75 |
| 2023-09-01 | 117.18 |
| 2023-10-01 | 124.42 |
| 2023-11-01 | 128.22 |
| 2023-12-01 | 121.14 |
| 2024-01-01 | 108.70 |
| 2024-02-01 | 120.23 |
| 2024-03-01 | 130.26 |
| 2024-04-01 | 115.35 |
| 2024-05-01 | 116.74 |
| 2024-06-01 | 128.81 |
| 2024-07-01 | 130.88 |
| 2024-08-01 | 132.19 |
| 2024-09-01 | 129.45 |
| 2024-10-01 | 129.72 |
| 2024-11-01 | 137.30 |
| 2024-12-01 | 131.99 |
Transcribed Image Text:Time Series Analysis Predicting Future Hiking Shoe Demand - Download the Hiking Shoe Demand Time Series dataset in Excel which
has hiking shoe sales over 48 months from January 2021 to December 2024. (Hint: It may be helpful to complete Lab 8-6 before
completing this problem).
Required:
Answer the following questions based on the information provided.
Note: Round your answers to 2 decimal places.
Question
2. What is the expected hiking shoe demand in December 2026?
3. What is the upper limit (upper confidence bound) in November 2025?
4. What is the lower limit (lower confidence bound) in November 2025?
Answer
144.41
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