Method and system for validating ensemble demand forecasts
US11170391B2 · kind B2 · utility
1Cited by
4References
20Claims
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Key dates
| Filing date | Oct 26, 2018 |
| Grant date | Nov 9, 2021 |
| Priority date | — |
| Expiry date | Aug 14, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06N3/044
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
Methods and systems for forecasting demand for a plurality of items are provided. In particular, the demand forecasting system and methods described herein are useful for predicting demand of products in a retail context. Forecast models are built and used to score incoming sales data to predict future demand for items. Forecast models are validated by evaluating actual demand against predicted demand and using that information to inform how future ensemble forecast will be generated. Forecasts may be broken down into smaller components to satisfy a variety of requests for data from client applications.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.