Your friend Stephano claims that he can predict the sales at your new ice cream store using a process that he calls “temporal temperature intuition.” Your sales for the first four days are $1000, $1100, $1600, and $1100. Stephano’s predictions for those four days were $1100, $1500, $1500, and $1300. Compute his R-squared in order to determine whether his model is GOOD or NO GOOD.

4. Question 4 What are the three main elements of an agent-based model? 1 point   Agents (people) Neighborhoods (houses) Demographics (race & income level) Behaviors (rules) Aggregation (what happens?)

11. Question 11 In the example done with the airplane in the video lecture, how did the time taken for the round trip with a head wind going and tail…

3. Question 3 There are three main reasons why people sometimes coordinate on sub-optimal behaviors. These reasons are: 1) Idiosyncratic coordination 2) Overall consistency 3) What was once optimal is…