Value Stream Mapping Is a Technique That Aims to Eliminate

question 62

True/False

Value stream mapping is a technique that aims to eliminate waste in a process.

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Definitions:

Nominal

A level of measurement that categorizes data but does not rank them.

Dummy Variables

Variables created to include categorical data in regression models by converting categories to a binary form (0 or 1), representing the presence or absence of some categorical effect.

Nominal Characteristic

A qualitative attribute of data that categorizes but does not imply any quantitative ordering or measure.

Nominal Variables

Factors that denote classifications without any inherent hierarchy or sequence.