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A second-order autoregressive model for average mortgage rate is:
Rateᵢ = - 2.0 + 1.8(Rate)ᵢ₋₁ - 0.5 (Rate)ᵢ₋₂.
If the average mortgage rate in 2010 was 7.0, and in 2009 was 6.4, the forecast for 2012 is ________.
Water Supply Problems
Issues related to the availability, distribution, and quality of water resources.
Property Rights
Legal rights to possess, use, and dispose of assets including real estate, personal property, and intellectual property.
Incomplete
Not having all parts or elements; lacking something.
Private Ownership Rights
Legal entitlements that allow individuals or companies to own property and assets, giving them control over use, management, and disposal.
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