What is load factor analysis?
An example of an AI chatbot conversation about load factor analysis in data analysis.
What is load factor analysis?
Load factor analysis is a method used to evaluate the efficiency of a system by comparing actual output to potential output.
How is load factor calculated?
Load factor is calculated by dividing the average load over a specific period by the peak load during that period.
What are the applications of load factor analysis?
It's commonly used in energy management, transportation, and telecommunications to optimize resource usage.
Can you give an example of load factor analysis in practice?
Sure! In energy, if a power plant has a peak output of 100 MW but an average output of 60 MW, the load factor is 0.6 or 60%.
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