Coefficienct of determination measures the strength or degree...
FALSE
High correlation implies a cause and effec relationship between the variables.
FALSE
RST Enterprises folllows a level-capacity strategy of production/capacity planning, which suggests low labor skills.
FALSE
Intermittent processes take place in a flow shop where we find product layout.
FALSE
Crossover charts may be used in capacity planning, facility location, and other applications.
TRUE
A policy for production/capacity planning in a utility might be: offering lower power rates at off-peak hours.
TRUE
Center of gravity method is based on the use of weighted averages, it does not guarantee an optimal location.
TRUE
Leasing needed space, layoffs, hiring, firing, and stockpiling...
TRUE
In level capacity strategy inventory levels and backlog vary while production and labor plans remain constant.
TRUE
Center of gravity method and incremental analysis are basically single location approaches but they can also be used for solving certain multiple location problems.
TRUE
Preparing for adjustments in size of workforce, levels of inventories, etc. in response to fluctuations in demand is part of capacity planning.
TRUE
Simple linear regression is a model to investigate the relationship between two variables and it enables us to find the equation of the line of best fit.
TRUE
Linear regression may be used in time series analysis, as well as a causal model.
TRUE
In multiple regression models we have only one independent variable.
FALSE
Coefficients of correlation and determination are commonly used to measure goodness of fit and quality of regression models.
TRUE
In chase demand capacity strategy output and labor are constant but inventory levels and backlogs vary.
FALSE
In forecasting there are always four seasonal components to be calculated.
FALSE
In chase demand capacity strategy labor skill levels, pay rates, and training required per employee are high.
FALSE
Facility location problems often involve decisions at three levels: regional, community, and site.