linear forecast model
[ˈlɪniər ˈfɔːrkæst ˈmɑːdəl]
nounpl: linear forecast models
modelo de previsão linear
1. A statistical or mathematical model that uses linear relationships between variables to predict future values or outcomes
The company used a linear forecast model to predict quarterly sales based on historical data.
A empresa utilizou um modelo de previsão linear para prever as vendas trimestrais com base em dados históricos.
2. In time series analysis, a model that assumes future values can be predicted as a linear function of past observations
The linear forecast model assumes that the trend will continue at a constant rate.
O modelo de previsão linear assume que a tendência continuará em uma taxa constante.
3. A regression-based predictive model where the dependent variable is estimated as a linear combination of independent variables
Using a linear forecast model, economists estimated GDP growth from unemployment and inflation rates.
Usando um modelo de previsão linear, economistas estimaram o crescimento do PIB a partir das taxas de desemprego e inflação.
Linear forecast models are fundamental tools in business analytics and econometrics across both Brazil and the United States. In Brazilian universities and corporations, the term is widely used in engineering, economics, and data science programs. The English term 'forecast' is often retained in technical contexts, even in Portuguese-language documents, particularly in financial sectors.
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