Answered step by step
Verified Expert Solution
Question
1 Approved Answer
=0.05 unless otherwise specified. For each problem please do the following in addition to anything the individual problem asks: Observe and describe the basic nature
α=0.05 unless otherwise specified.
For each problem please do the following in addition to anything the individual problem asks:
Observe and describe the basic nature of the series in question
Fit an appropriate model for the series
Determine adequacy of model to fit data and assess validity of selected model
Forecast response for requested time interval(s)
Daily Demand.XLS: Use the data provided to create an acceptable model to forecast the target(total orders).
Week of the month (first week, | Day of the week (Monday to Frid | Non-urgent order | Urgent order | Order type A | Order type B | Order type C | Fiscal sector orders | Orders from the traffic control | Banking orders (1) | Banking orders (2) | Banking orders (3) | Target (Total orders) |
1 | 4 | 316.307 | 223.27 | 61.543 | 175.586 | 302.448 | 0 | 65556 | 44914 | 188411 | 14793 | 539.577 |
1 | 5 | 128.633 | 96.042 | 38.058 | 56.037 | 130.58 | 0 | 40419 | 21399 | 89461 | 7679 | 224.675 |
1 | 6 | 43.651 | 84.375 | 21.826 | 25.125 | 82.461 | 1.386 | 11992 | 3452 | 21305 | 14947 | 129.412 |
2 | 2 | 171.297 | 127.667 | 41.542 | 113.294 | 162.284 | 18.156 | 49971 | 33703 | 69054 | 18423 | 317.12 |
2 | 3 | 90.532 | 113.526 | 37.679 | 56.618 | 116.22 | 6.459 | 48534 | 19646 | 16411 | 20257 | 210.517 |
2 | 4 | 110.925 | 96.36 | 30.792 | 50.704 | 125.868 | 79 | 52042 | 8773 | 47522 | 24966 | 207.364 |
2 | 5 | 144.124 | 118.919 | 43.304 | 66.371 | 153.368 | 0 | 46573 | 33597 | 48269 | 20973 | 263.043 |
2 | 6 | 119.379 | 113.87 | 38.584 | 85.961 | 124.413 | 15.709 | 35033 | 26278 | 56665 | 18502 | 248.958 |
3 | 2 | 218.856 | 124.381 | 33.973 | 148.274 | 162.044 | 1.054 | 66612 | 19461 | 103376 | 10458 | 344.291 |
3 | 3 | 146.518 | 101.045 | 36.399 | 43.306 | 168.723 | 865 | 58224 | 7742 | 82395 | 11948 | 248.428 |
3 | 4 | 178.433 | 102.793 | 45.706 | 111.036 | 124.678 | 194 | 47046 | 17299 | 108719 | 15560 | 281.42 |
3 | 5 | 145.865 | 91.18 | 43.851 | 66.277 | 133.44 | 6.523 | 66910 | 17768 | 36693 | 29046 | 243.568 |
3 | 6 | 170.566 | 114.412 | 43.339 | 136.434 | 128.405 | 23.2 | 32529 | 34002 | 78153 | 31949 | 308.178 |
4 | 2 | 220.343 | 141.406 | 46.241 | 120.865 | 196.296 | 1.653 | 34878 | 32905 | 117137 | 29188 | 363.402 |
4 | 3 | 193.768 | 141.854 | 56.519 | 136.709 | 143.644 | 1.25 | 57858 | 23956 | 101048 | 30134 | 336.872 |
4 | 4 | 122.736 | 124.256 | 56.167 | 78.101 | 112.724 | 0 | 52321 | 10046 | 62799 | 24233 | 246.992 |
4 | 5 | 144.051 | 158.408 | 51.66 | 92.272 | 164.948 | 6.421 | 47167 | 6440 | 91784 | 15973 | 308.88 |
4 | 6 | 105.415 | 108.688 | 47.717 | 71.474 | 113.935 | 19.023 | 42737 | 26020 | 27873 | 17600 | 233.126 |
5 | 2 | 240.66 | 163.72 | 59.135 | 157.681 | 187.564 | 0 | 39273 | 32917 | 155617 | 9203 | 404.38 |
1 | 3 | 131.067 | 166.649 | 90.476 | 80.509 | 127.575 | 844 | 60543 | 19141 | 78378 | 73839 | 298.56 |
1 | 4 | 130.129 | 98.927 | 42.904 | 43.962 | 142.383 | 193 | 54760 | 9163 | 29874 | 46992 | 229.249 |
1 | 5 | 123.286 | 103.551 | 47.331 | 72.444 | 116.529 | 9.467 | 48732 | 21196 | 47793 | 47574 | 236.304 |
1 | 6 | 190.816 | 87.629 | 32.077 | 127.358 | 137.739 | 18.729 | 46368 | 36798 | 92701 | 31098 | 297.174 |
2 | 2 | 266.741 | 141.437 | 58.721 | 139.034 | 211.646 | 1.223 | 58081 | 43333 | 135314 | 29716 | 409.401 |
2 | 3 | 123.143 | 106.083 | 36.017 | 75.813 | 119.205 | 1.809 | 45340 | 22109 | 55584 | 29803 | 231.035 |
2 | 4 | 148.139 | 85.31 | 35.576 | 79.997 | 123.253 | 5.377 | 59686 | 14188 | 67617 | 32319 | 238.826 |
2 | 5 | 118.552 | 100.417 | 54.401 | 75.613 | 105.584 | 16.629 | 40423 | 24682 | 47563 | 35314 | 235.598 |
2 | 6 | 146.959 | 95.153 | 37.656 | 59.907 | 144.549 | 0 | 50908 | 45733 | 43930 | 28998 | 242.112 |
3 | 2 | 299.77 | 133.375 | 57.81 | 236.248 | 196.732 | 57.645 | 71772 | 57756 | 159373 | 29160 | 490.79 |
3 | 3 | 151.341 | 131.788 | 43.359 | 89.382 | 156.916 | 6.528 | 53573 | 42638 | 62732 | 32386 | 289.657 |
3 | 4 | 206.206 | 92.16 | 45.555 | 148.718 | 104.186 | 93 | 49110 | 36904 | 126632 | 33237 | 298.459 |
3 | 5 | 170.868 | 131.463 | 45.55 | 120.548 | 157.505 | 21.272 | 42534 | 79556 | 50433 | 36483 | 323.603 |
4 | 3 | 435.304 | 181.149 | 67.884 | 267.342 | 281.227 | 0 | 64867 | 210508 | 177229 | 30514 | 616.453 |
4 | 4 | 235.106 | 110.874 | 70.376 | 154.242 | 121.417 | 55 | 23257 | 163452 | 63699 | 33805 | 346.035 |
4 | 5 | 168.179 | 125.119 | 71.068 | 100.544 | 136.033 | 14.347 | 28072 | 95989 | 50763 | 55445 | 307.645 |
4 | 6 | 172.783 | 77.371 | 64.137 | 109.062 | 80.648 | 3.693 | 46321 | 66498 | 61593 | 31625 | 253.847 |
5 | 2 | 381.768 | 140.041 | 118.178 | 260.632 | 152.134 | 9.135 | 34236 | 194216 | 136035 | 47601 | 530.944 |
5 | 3 | 221.438 | 111.392 | 51.199 | 124.66 | 157.5 | 529 | 39964 | 136119 | 66745 | 31031 | 333.359 |
5 | 4 | 193.957 | 111.859 | 47.002 | 99.892 | 159.462 | 540 | 59179 | 94460 | 54772 | 34616 | 306.356 |
1 | 6 | 275.076 | 121.697 | 109.888 | 131.165 | 175.777 | 20.057 | 37906 | 138536 | 85378 | 14020 | 416.83 |
2 | 2 | 252.298 | 150.708 | 77.388 | 154.863 | 182.936 | 12.181 | 32133 | 69093 | 169088 | 12516 | 415.187 |
2 | 3 | 165.472 | 102.53 | 46.295 | 96.87 | 124.837 | 0 | 48458 | 43112 | 72840 | 11304 | 268.002 |
2 | 4 | 126.03 | 108.055 | 53.366 | 69.15 | 111.987 | 418 | 42201 | 13736 | 70191 | 16710 | 234.503 |
2 | 5 | 112.246 | 106.641 | 47.399 | 77.61 | 109.715 | 15.837 | 35316 | 25876 | 38646 | 13989 | 234.724 |
2 | 6 | 123.302 | 94.315 | 48.081 | 72.826 | 109.157 | 12.447 | 43284 | 30138 | 52112 | 12632 | 230.064 |
3 | 2 | 187.81 | 167.455 | 59.042 | 130.098 | 168.254 | 2.129 | 37817 | 36445 | 103567 | 10443 | 357.394 |
3 | 3 | 119.863 | 139.383 | 44.809 | 99.072 | 115.365 | 0 | 54584 | 17242 | 59231 | 12543 | 259.246 |
3 | 4 | 127.805 | 114.813 | 39.025 | 110.74 | 94.47 | 1.617 | 33366 | 21103 | 84558 | 16683 | 244.235 |
3 | 5 | 120.629 | 112.703 | 39.6 | 240.922 | 122.085 | 169.275 | 37387 | 20246 | 63778 | 13886 | 402.607 |
3 | 6 | 130.465 | 105.273 | 57.467 | 88.462 | 109.132 | 19.323 | 27200 | 41713 | 59513 | 12260 | 255.061 |
4 | 2 | 222.282 | 120.324 | 41.418 | 135.189 | 165.999 | 0 | 39446 | 29290 | 154144 | 10811 | 342.606 |
4 | 3 | 150.257 | 116.959 | 34.193 | 115.536 | 118.911 | 1.424 | 51346 | 19782 | 89704 | 12182 | 268.64 |
4 | 4 | 96.494 | 87.294 | 32.653 | 81.576 | 74.372 | 4.813 | 34631 | 22420 | 49644 | 15390 | 188.601 |
4 | 5 | 89.526 | 99.756 | 51.985 | 51.93 | 98.107 | 12.74 | 31850 | 32150 | 21573 | 13807 | 202.022 |
4 | 6 | 134.425 | 79.084 | 36.748 | 71.353 | 105.408 | 0 | 33970 | 28701 | 65199 | 11023 | 213.509 |
5 | 2 | 158.716 | 158.133 | 59.131 | 92.639 | 165.079 | 0 | 32027 | 33282 | 128269 | 9287 | 316.849 |
5 | 3 | 150.784 | 133.069 | 54.224 | 115.746 | 116.442 | 2.559 | 51235 | 34421 | 87708 | 11354 | 286.412 |
5 | 4 | 193.534 | 109.639 | 58.378 | 142.382 | 102.687 | 274 | 28364 | 88404 | 91367 | 15003 | 303.447 |
5 | 5 | 196.555 | 108.395 | 76.763 | 96.478 | 131.709 | 0 | 37011 | 109931 | 50112 | 12957 | 304.95 |
5 | 6 | 192.116 | 121.106 | 107.568 | 121.152 | 103.18 | 18.678 | 27328 | 108072 | 56015 | 10690 | 331.9 |
Step by Step Solution
★★★★★
3.40 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1
Observation and Description The data is a daily demand series that consists of 13 predictors and one target variable total orders The predictors include Week of the Month Day of the Week NonUrgent ord...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started