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Least Squares
A mathematical approach used in regression analysis to determine the best-fit line through data points by minimizing the sum of the squares of the vertical differences between observed and predicted values.
Linear Trend Line
A straight line that best fits the data on a graph, showing the general direction that a set of data is moving towards.
Seasonal Indexes
Factors used to adjust data for regular seasonal variations to better compare data across different times of the year.
Seasonalized Forecast
A prediction model that accounts for fluctuations or patterns that repeat over a specific period, such as seasons, adjusting for their impact on the data.
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