Forecasting for resource allocation

US12282860B2 · kind B2 · utility

Assignee

• ELASTICSEARCH B.V. · NL

Inventors

• Thomas Veasey · York, GB
• Stephen Dodson · London, GB

Key dates

• Filing date: Dec 27, 2017
• Grant date: Apr 22, 2025
• Expiry date: May 1, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06N20/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Forecasting resource allocation is disclosed. An example method includes receiving operating data from a resource; applying periodicity tests to the received operating data using a plurality of sketches of time series of prior operating data, the periodicity tests generating periodic components; applying regression models to the received operating data, the regression models collectively generating a trend component, each regression model being applied over a different time scale of a plurality of time scales; computing a trend model using the periodic components and a trend component; determining a random process describing the historical evolution of the trend model; and calculating and providing a mean prediction, an upper bound, and a lower bound for resource utilization at a future time using the trend model and a predicted distribution.