THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 126

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.

-The following are the values of a time series for the first four time periods:
Using a four-period moving average,determine the forecasted value for time period 5.

• A)27.3
• B)27.0
• C)27.7
• D)28.0

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Definitions:

Imagination

The ability of the mind to be creative or resourceful, envisioning things not currently present or not yet existing.

Positivist Concept

A philosophical theory stating that positive knowledge is based on natural phenomena and their properties and relations as verified by empirical evidence.

Chester I. Barnard

An American business executive and author known for his contributions to management theory, particularly in organizational and communication theory.

Personal Needs

The basic or individual requirements essential for people to live and work comfortably and efficiently.