No. Dead reckoning is using relative measurements. Your algorithm is irrelevant.
And going back to the great-great-great grandparent comment, I've heard from instructors and other pilots that the 'dead' bit of the word came originally from a shortening of 'deduced'. Something like 'deduced' -> 'ded' -> 'dead' or so. I'm not totally sure of the accuracy of that etymology but it sounds plausible to me.
The term "dead reckoning" was not originally used to abbreviate "deduced reckoning," nor is it a misspelling of the term "ded reckoning."
Am I an old man now? Where is my cane? Get off my lawn!