The coefficient of variation measures
A) the accuracy of the demand forecast.
B) the size of the uncertainty relative to demand.
C) the relevance of cycle inventory to demand.
D) the relative certainty of the forecast.
Answer: B
You might also like to view...
Which of the following would be the most ethical approach to proposal writing?
A) Discuss flaws in your competitor's products or services so the audience does not error in deciding who to grant the project to. B) Make product or service comparisons based on customer reviews C) Ignoring other options that would work for the audience, if the audience did not specifically request information on those D) Promise whatever it will take to win the contract, and determine how to meet those obligations after E) Discuss the costs that will accurately meet your audience's requirements and expectations.
Which of the following is an example of secondary research carried out by a manufacturer of
cellular phones? A) observational research carried out at retail outlets to discover why customers select competitors' products B) surveys carried out among the general public to find the most desired features in a cellular phone C) information obtained from competitors' weblogs to understand the products they manufacture D) information on customers' likes and dislikes collected from third-party after-sales service personnel