In what world an based on what are Latvians the favorites? Maybe I fail to see something but IMO even Belarus has a better team this year. It's also hard to see the reasons for skepticism about Norway. Nostrebo and Soberg are 19 and they have a good supporting cast in a tournament which seems to be relatively weak (just compare last year's Latvian team and this one)..
On what specifically is your opinion based on?
Latvia is definitely better offensively when compared to Belarus, even with Bukarts, Golovkovs and also Smits missing from the line-up. If you compare all the players, Latvia, Belarus and Norway are all pretty evenly matched. It can go either way and there's no clear favorite.
The Latvians are missing several productive North American players and the Latvian coach has taken an unorthodox approach by snubbing a few major junior players/draftees (also Buncis, Jansons), but they're still a very solid, talented team for DivIA.
Yes, they're slightly worse than last year, but the last year's line up was extremely talented on paper. In the end they were really underwhelming when it mattered, so it doesn't mean everything.
The Latvians also have a solid top 4 defensively. Rubins is definitely going to get drafted in 2016. Jaks already made his debut with the senior national team.
Abols, Balcers and a couple of others can potentially get picked this year. Also some good chemistry in the top forward lines - Abols, Dzierkals and Maslovskis all play together in HK Riga and all 3 of them are on pace for PPG+ in MHL. Balcers and Egle have played together in Liepaja, etc.
Yes, it's a very young roster, but it can potentially pay off, if they do clinch the promotion to the Elite division, considering that there's a huge number of carry-overs to next year's WJC.