dverage D Question 35 2.5 pts Which of the following statements is NOT a standard characteristic of using Fixed-Order Quantity Model (compared to Fixed-Time period model)? O Lower average inventory level Continuous monitoring Favors less expensive items More appropriate for important items D Question 32 2.5 pts Which of the following statistical measurement can be used to measure the amount of variation in the dependent variable that can be explained by the regression estimation"? The sample coefficient of determination The standard error of the estimate The sample correlation coefficient The variance of the estimate D Question 22 2.5 pts In MRP system component item represents the item that has at least one parent and at least on Purchased Intermediate Subassembly Gross 2.004 D Question 12 2.5 pts When forecasting market demand, both cumulative sum of forecast error (CFE) and mean absolute deviation (MAD) are standard forecast error measurements. Which of the following statement is correct? Only MAD considers the direction of forecast error O Both CFE and MAD consider the direction of forecast error Neither CFE and MAD considers the direction of forecast error Only CFE considers the direction of forecast error