THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 22

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below is the data set of the Shiller Real Home Price Index for the years 1894-1904.
Use a smoothing constant of α = 0.8 to determine the forecasts using simple exponential smoothing.

-Determine the forecast for the year 1901.

• A)104.95
• B)98.50
• C)102.25
• D)90.31

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Definitions:

Beliefs

Convictions or acceptance that something exists or is true, especially without proof.

Impression Formation

The process by which individuals form an overall view about another person based on available sensory and cognitive information.

Attribution

The method individuals use to assign reasons to actions and occurrences, crediting them either to inherent personality traits or to circumstances in the external environment.

Impressions

The initial thoughts or feelings about someone or something based on observed attributes or actions.