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:

Random Assignment

A method used in experiments to randomly allocate participants to different groups in order to reduce bias and ensure the groups are comparable.

Ethical Guidelines

A set of principles designed to help professionals conduct their work with integrity and honesty.

Control Groups

Groups in experimental research that do not receive the treatment being tested, allowing for comparison with the experimental group.

Experimental Effects

Refers to the impact that the process of conducting an experiment can have on the subjects or outcomes, often leading to changes not directly related to the variables being studied.