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.