Examlex
Using the weighted average method,with W₁ = 0.5,W2 = 0.3 and W₃ = 0.2,compute the forecast for Week 5 with the data that follows.
Offer
A proposal presented by one party to another as the basis for a contract, requiring acceptance to become legally binding.
Mirror Image Rule
A principle in contract law stating that an offer must be accepted exactly with no modifications for a valid contract to be formed.
Offeror
The party making the offer.
Accepted
Acknowledged or agreed upon; typically refers to an agreement or proposal that has been agreed to by all parties involved.
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