Lag

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Lag

Payment of a financial obligation later than is expected or required, as in lead and lag. Also, the number of periods that an dependent variable in a regression model is "held back" in order to predict the dependent variable.

Lag

1. A late payment.

2. In a quantitative model, the length of time considered in the past that is used to predict a future variable.
References in periodicals archive ?
The ability to conduct near-instantaneous data restores is a dramatic improvement over the lengthy time lags associated with sequential tape access and recovery.
They even considered nine different time lags, from two days before to two days after a patient reported pain, but the weather simply was not related to pain, they found.
Now time lags and dropped calls that plagued communications no longer exist.
They were frustrated with the 10-20 second Citrix response time lags and applications freezing when they tried to type, point or click.