Analysis of Data for an Autoregressive Forecasting Model Produced the Following

question 12

Multiple Choice

Analysis of data for an autoregressive forecasting model produced the following tables. The actual values of this time series,y,were 228,54,and 191 for May,June,and July,respectively. The predicted (forecast) value for August is __________.

• A) -101.00
• B) 104.54
• C) 218.71
• D) 21.56
• E) -77.81

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Definitions:

Peer Group Pressure

A phenomenon where individuals feel compelled to conform to the attitudes, behaviors, or values of their peers or social group.

Control Theories

In sociology and criminology, theories that explain social order as being maintained by social norms and institutions that encourage conformity and dissuade deviant behavior.

Social Controls

Mechanisms, both formal and informal, that regulate individual and group behavior, aiming to enforce conformity to societal norms.

Conformity

The act of aligning one's beliefs, attitudes, or behaviors with those of a group or societal norms, often to fit in or be accepted.