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

question 4

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 value of root mean square of errors.

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Definitions:

Collateral Source

Information or support obtained from a secondary or alternative source, aside from the primary source.

Good Impression

The positive perception or judgment formed by others based on one's appearance, behavior, or qualities.

Exercise Discretion

The ability or power to decide or act according to one's own judgment; often in professional situations requiring sensitivity or confidentiality.

Collateral Contacts

Additional people or entities involved in a client's life or case, contacted to gather more comprehensive information.