Method and system for hierarchical forecasting
US11928616B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 18, 2018 |
| Grant date | Mar 12, 2024 |
| Priority date | — |
| Expiry date | Apr 16, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06N3/126
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
A system and method for generation of automated forecasts for a subject based on one or more input parameters. The subject located at an end node of a hierarchy. The method includes: receiving historical data associated with the subject; determining the sufficiency of the historical data based on a feasibility of building a machine learning model to generate a forecast with a predetermined level of accuracy using the historical data; building the machine learning model using the historical data when there is sufficiency of the historical data; building the machine learning model using historical data associated with an ancestor node on the hierarchy when there is not sufficiency of the historical data; generating a forecast for the subject using the machine learning model based on the one or more input parameters; and outputting the forecast.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.