Both R and R² are Symmetric Measures of Association

question 2

True/False

Both r and r² are symmetric measures of association. In other words, the correlation of X and Y is the same as the correlation of Y and X.

---

Definitions:

Safety Inventory

A surplus of stock that is kept on hand to protect against unforeseen increases in demand or delays in supply.

Fill Rate

The percentage of customer or order demand that is met from available stock without backorders.

Continuous Review

A method of inventory control that constantly monitors stock levels and reorders when inventory drops to a predetermined point.

Periodic Review

A systematic evaluation process conducted at regular intervals to assess performance or condition over a period.