Definitions from the Web
Relative Weightings
Definition: Relative weightings refer to the proportional importance or significance assigned to different factors or variables within a given context or decision-making process.
Senses and Usages:
- Noun - The act of assigning weights or values that indicate the importance of various factors.
- Example: The relative weightings given to the criteria of cost, quality, and sustainability are crucial in the vendor selection process.
- Noun - The extent to which one factor or variable is valued or prioritized in relation to others.
- Example: In financial analysis, the relative weightings of revenue growth and profit margin play a pivotal role in determining the overall performance of a company.
- Verb - The act of assigning relative importance or priority to different factors.
- Example: As the project manager, it is your responsibility to carefully assess and relative weightings the risks associated with each task.
- Adjective - Describing the importance or significance given to different factors in relation to one another.
- Example: The relative weightings of the variables in the algorithm determine the accuracy and reliability of the prediction model.
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