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forecasting accuracy

[/ˈfɔːrkæstɪŋ ækˈjʊrəsi/]
noun
precisão de previsão
1. The degree to which a forecast or prediction matches actual outcomes; the measure of correctness in predictive models
The company improved its forecasting accuracy by implementing advanced analytics.
A empresa melhorou sua precisão de previsão implementando análises avançadas.
2. A metric used in business and science to evaluate how well predicted values align with observed values
High forecasting accuracy is essential for inventory management.
Alta precisão de previsão é essencial para gestão de inventário.
Synonyms
prediction accuracyforecast precisionpredictive accuracyexactidão de previsãoacurácia preditiva
Antonyms
forecasting errorprediction inaccuracyerro de previsãoimprecisão preditiva

Regional Variations

General Brazilian
precisão de previsão
Most common usage in Brazilian Portuguese
São Paulo
acurácia de previsão
Technical/business term frequently used in São Paulo corporate environments
Portugal
precisão de previsão
Standard term used in Portuguese European context

Related Idioms & Phrases

hit the mark (atingir o alvo)
on target (no alvo)
dead-on accurate (extremamente preciso)
on the money (exato, correto)
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