System and method for the advanced prediction of weather impact on managerial planning applications
US5521813A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Jan 15, 1993 |
| Grant date | May 28, 1996 |
| Priority date | — |
| Expiry date | Jan 15, 2013 |
Classification
- Technology area (CPC Y)Emerging Cross-Sectional Technologies
- CPC primaryY10S706/925
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computer-based system and method which incorporates long-range weather forecasts in a predictive model which quantifies historical weather impact relationships between datasets, and uses the long-range weather forecasts to predict future weather impact on managerial plans. The predictive model can use multiple regression or a neural network. In a retail application, the computer-based system and method has a weather impact predictive model based on correlations of historical weather and point-of-sale store transactions data. The weather impact model is coupled with long-range weather forecasts to adjust managerial plans for buying, distribution, financial budgeting, promotional and advertising applications. A graphical user interface provides easy assimilation of analysis for specific managerial planning applications.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.