Three weeks of data are available from a restaurant. Develop a forecast and explain why your approach is reasonable.
Definitions:
Simple Interest Rates
Interest calculated only on the principal amount of a loan or deposit, without compounding over time.
Outstanding Balance
The amount of money owed on a loan, credit card, or any other debt that remains unpaid.
Student Loans
Student loans are borrowed funds provided to students to cover education-related expenses, which must be repaid with interest over time.
Simple Interest
Interest calculated on the principal amount of a loan or deposit, without compounding.
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