(LO 8-5) 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 1. Use Excel’s Forecast Sheet to perform time series analysis using a 95% confidence interval to predict the next two year’s hiking shoe demand.

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?