price forecasting
[praɪs ˈfɔːrkæstɪŋ]
noun
previsão de preços
1. The process of predicting future prices of goods, services, or commodities using statistical analysis, historical data, and market trends
Price forecasting helps retailers plan inventory and set competitive pricing strategies.
A previsão de preços ajuda varejistas a planejar estoque e definir estratégias de preços competitivas.
2. A quantitative or qualitative method used in finance and economics to estimate price movements in financial markets
The company uses advanced algorithms for price forecasting in the stock market.
A empresa utiliza algoritmos avançados para previsão de preços no mercado de ações.
3. The application of predictive modeling techniques to anticipate price changes in supply and demand
Accurate price forecasting is crucial for commodity traders.
A previsão precisa de preços é crucial para traders de commodities.
Price forecasting is essential in both Brazilian and American business environments. In Brazil, it's particularly important in agricultural commodity markets (such as coffee, sugar, and soybeans) and retail sectors. In the USA, it's heavily utilized in financial markets and supply chain management. The term reflects the growing importance of data science and artificial intelligence in modern business decision-making across both cultures.
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