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What is the forecast for July based on a three-month weighted moving average applied to the following past demand data and using the weights: 5, 3,and 2 (largest weight is for most recent data)? Show all of your computations for April through July.
Gay Marriage
The legal or socially recognized marriage between two individuals of the same sex, also known as same-sex marriage.
Subprime Mortgages
These are home loans granted to borrowers with lower credit ratings, implying higher risk for the lender and typically coming with higher interest rates.
Down Payments
A down payment is the initial, upfront portion of the total amount due, often associated with the purchase of expensive items like a home or a car, which is not financed through a loan.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.
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