Cyclical Variation Exists When the Magnitude of the Seasonal Swing

question 119

True/False

Cyclical variation exists when the magnitude of the seasonal swing does not depend on the level of a time series.

---

Definitions:

Bill of Material

A comprehensive list detailing all the raw materials, parts, components, and assemblies needed to produce one unit of a product.

Lot-For-Lot

A production and inventory control strategy that matches the order quantity exactly with the demand, without carrying any excess inventory.

Gross Requirements

The total amount of materials or components necessary to produce a product before accounting for any existing inventory.