The Superintendent of a School District Wanted to Predict the Percentage

question 12

Multiple Choice

The superintendent of a school district wanted to predict the percentage of students passing a sixth-grade proficiency test. She obtained the data on percentage of students passing the
Proficiency test (% Passing) , daily mean of the percentage of students attending class (%
Attendance) , mean teacher salary in dollars (Salaries) , and instructional spending per pupil in
Dollars (Spending) of 47 schools in the state. She believed that holding everything else constant,
Instructional spending per pupil had a positive but decreasing impact on percentage. Which of
The following would be the most appropriate analysis to perform?

• A) Autoregressive modeling.
• B) Exponential smoothing.
• C) Least-squares forecasting with monthly or quarterly data.
• D) Linear regression with log transformation.

Describe the law of supply and its reasons.

Identify incorrect explanations of the Law of Demand.

Comprehend the effect of surge pricing on market dynamics.

Identify and explain determinants of market demand and supply.