The coefficient of determination indicates

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Reference no: EM132105357

1. The coefficient of determination indicates the

A Reliability or strength of the forecast

B Degree of seasonal fluctuations

C Accuracy of the forecast

D Precision of the forecast

2. MySchool Notebook Company produces custom 3-ring binders with school logos for high schools in the Midwest. They mold binders in four standard colors and then imprint the school’s logo on a to-order basis. The average daily demand for the base color notebooks is as follows: Green: 440 notebooks/day Blue: 250 notebooks/day Red: 250 notebooks/day Black: 390notebooks/day MySchool can produce 1,560 notebooks per 24-hour day. It takes 8 hours to setup production for another color. Calculate the minimum production cycle time in days.

Reference no: EM132105357

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