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Bob collected data on U.S.consumer bankruptcies and performed the trend analysis shown below.Describe the data and discuss his fitted trend's adequacy for making a three-year forecast.What trend alternative(s),if any,might be preferred? Explain your reasoning.
HDC
Stands for Holder in Due Course, a term in commercial law referring to a party who acquires a negotiable instrument in good faith and for value, thus having certain protections.
Faulty Product
A product that has defects, malfunctions, or does not meet established standards of quality or safety.
Consumer
An individual who purchases goods or services for personal use.
Cancellation
The act of formally terminating or calling off a previously arranged event, agreement, or policy.
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