Computer-implemented system and method for generating forecasts
US7251589B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | May 9, 2006 |
| Grant date | Jul 31, 2007 |
| Priority date | — |
| Expiry date | May 9, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/04
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
Computer-implemented systems and methods for performing forecast scoring based upon time series data that is indicative of a data generation activity occurring over a period of time. One or more data stores store historical data and future data. The historical data includes historical exogenous inputs. The future data includes future exogenous inputs. A dynamic statistical model receives the historical data and future data that are stored in the one or more data stores. The dynamic statistical model is to provide forecast scoring based upon the historical exogenous inputs and the future exogenous inputs. An optimizer having an objective function iteratively varies the future data, so that forecasts associated with the varying future data values are generated by the dynamic statistical model for evaluation by the objective function.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.