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A Second-Order Autoregressive Model for Average Mortgage Rate Is

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A second-order autoregressive model for average mortgage rate is: A second-order autoregressive model for average mortgage rate is: If the average mortgage rate in 2012 was 7.0, and in 2011 was 6.4, the forecast for 2014 is __________. If the average mortgage rate in 2012 was 7.0, and in 2011 was 6.4, the forecast for 2014 is __________.

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