Computer system and method for evaluating an event prediction model
US11119472B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Sep 28, 2018 |
| Grant date | Sep 14, 2021 |
| Priority date | — |
| Expiry date | Jun 7, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG05B23/0243
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
When two event prediction models produce different numbers of catches, a computer system may be configured to determine which of the two models has the higher net value based on how a “Break-Even Alert Value Ratio” for the models compares to an estimate of the how many false flags are worth trading for one catch. Further, when comparing two event prediction models, a computer system may be configured to determine “catch equivalents” and “false-flag equivalents” numbers for the two different models based on potential-value and impact scores assigned to the models' predictions, and the computing system then use these “catch equivalents” and “false-flag equivalents” numbers in place of “catch” and “false flag” numbers that may be determined using other approaches.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.