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2. Now consider a firms forecast of orders. Assume the firm uses adaptive expectations to forecast orders, equation (1 1-6). Assume that the order rate

2. Now consider a firms forecast of orders. Assume the firm uses adaptive expectations to forecast orders, equation (1 1-6). Assume that the order rate is constant and that the expected order rate is equal to the order rate (the system is in equilibrium). Without using simulation, sketch the behavior you expect if the time to adjust the forecast suddenly and permanently decreases from 6 months to 3 months

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