1: In the exponential smoothing model, low alpha () means Group of answer choices

There is low seasonality in forecast

There is low randomness in demand T

he model puts more weight on forecast

The model puts more weight on demand

2; A multiple regression Group of answer choices

Allows for more than one independent variables

Allows for more than one dependent variables

Has multiple slope coefficients associated with each dependent variables

All of the above

3; Which of the following is NOT an element of JIT manufacturing? Group of answer choices

To have only the required inventory when needed

To increase queue lengths

To improve quality to zero defects

To reduce setup times

4; Which of the following is a goal of JIT? Group of answer choices

Eliminates disruptions

Eliminate waste

Make the system flexible

All of the above

5; Which of the following is true about inventory? Group of answer choices

It hides yield, scrap, and rework problem

It requires more storage space

It increases movement activity

All of the above