forecasting model
[/ˈfɔːrkɑːstɪŋ ˈmɒdəl/]
nounpl: forecasting models
modelo de previsão
1. A mathematical or statistical system designed to predict future values or trends based on historical data and variables
The company uses a forecasting model to predict quarterly sales revenue.
A empresa utiliza um modelo de previsão para prever a receita de vendas trimestral.
2. A computational framework that analyzes patterns and relationships to estimate future outcomes in business, finance, or science
The weather forecasting model indicates rain for tomorrow.
O modelo de previsão meteorológica indica chuva para amanhã.
3. A systematic approach combining data, algorithms, and assumptions to project future scenarios
Their demand forecasting model integrates market trends and consumer behavior.
Seu modelo de previsão de demanda integra tendências de mercado e comportamento do consumidor.
In Brazilian business culture, forecasting models are increasingly important for corporate decision-making, especially in financial institutions and retail. The term 'modelo de previsão' is preferred in academic circles, while 'modelo preditivo' and the anglicism 'modelo de forecast' are common in corporate environments. In the US, forecasting models are essential tools in supply chain management, finance, and data science professions.
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