System and method for weather adapted, business performance forecasting
US5832456A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Jan 18, 1996 |
| Grant date | Nov 3, 1998 |
| Priority date | — |
| Expiry date | Jan 18, 2016 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0205
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for forecasting future retail performance are described herein. The system includes a storage device that stores a sales history database, a weather history database, and a weather forecast database. An analyzer determines the extent to which past retail performance of a plurality of products at a plurality of locations was affected by weather using the sales history database and the weather history database. A configurator, coupled to the analyzer, estimates expected future retail performance of the products at the stores for a plurality of future time periods using the weather forecast database and results produced by the analyzer. A graphical user interface, coupled to the analyzer and the configurator, enables users to view and manipulate results produced by the analyzer and the configurator to thereby forecast future retail performance of the products at the locations.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.