Capacity Utilization = Actual Output/capacity X 100

question 33

True/False

Capacity utilization = actual output/capacity x 100%.

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Definitions:

Target Variable

In statistical modeling and machine learning, the variable that is the object of prediction or explanation.

Judgment-Based Forecasting

This method of forecasting relies on expert opinions and intuition rather than statistical data or mathematical models.

Customer Groups

Segments of potential consumers categorized by specific characteristics, interests, or behaviors, which businesses target with tailored marketing efforts.