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:

Social Construction

The concept that perceptions of reality are shaped by the collective agreement and understanding of individuals within a culture or society.

Cultural Definition

The way in which the values, beliefs, norms, and practices of a particular group of people define and shape their culture.

Cultural Identity

The sense of belonging to a group that is defined by shared culture, traditions, language, or religion.

Irish Canadians

Individuals in Canada of Irish descent, who have significantly influenced Canadian culture, politics, and society, particularly in the 19th and early 20th centuries during major waves of immigration from Ireland.