Use the Data Shown Below to Answer the Following Question(s)

question 24

Essay

Use the data shown below to answer the following question(s).
The table below is the data set of the Shiller Real Home Price Index for the years 1946-1956.
$\begin{array}{c|c}\text { Year } & \begin{array}{c}\text { Real Home Price } \\\text { Index }\end{array} \\\hline 1946 & 106.5058955 \\\hline 1947 & 109.3296707 \\\hline 1948 & 101.2225795 \\\hline 1949 & 100.0466076 \\\hline 1950 & 105.8948393 \\\hline 1951 & 103.8986687 \\\hline 1952 & 103.9743275 \\\hline 1953 & 114.7133093 \\\hline 1954 & 114.199126 \\\hline 1955 & 115.4621261 \\\hline 1956 & 115.3166155\end{array}$
-Setting k = 3, determine the simple moving average forecast for the year 1950.

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Definitions:

Macro Social Environment

The larger societal context in which individuals, groups, and organizations operate, encompassing cultural, economic, legal, and political aspects.

Economic Forces

Factors that affect the behavior of the economy, including demand and supply, inflation rates, and employment levels.

Political Forces

Refer to the influence exerted by political parties, interest groups, and governmental policies on decision-making processes.

Generalist Social Work Practice

Involves utilizing a broad skill set to address issues, advocate for clients, and provide services in a variety of social work environments.