Method and system for generating ensemble demand forecasts
US12002063B2 · kind B2 · utility
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20Claims
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Key dates
| Filing date | Jun 27, 2022 |
| Grant date | Jun 4, 2024 |
| Priority date | — |
| Expiry date | Jun 27, 2042 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06N3/045
- 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.