Computer-implemented systems and methods for forecast reconciliation

US8364517B2 · kind B2 · utility

Assignee

• SAS INSTITUTE, INC. · US

Inventors

• Michele Angelo Trovero · Dunellen, US
• Mahesh V. Joshi · Foster City, US
• Michael James Leonard · Cary, US
• Richard Patrick Fahey · Apex, US
• Dmitry Golovashkin · Morrisville, US

Key dates

• Filing date: Dec 16, 2011
• Grant date: Jan 29, 2013
• Expiry date: Dec 16, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0202
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for reconciling a forecast are presented. A method can be used that receives a plurality of hierarchical forecast data sets. An output child data set including an index value and a status indicator representing an unprocessed state is generated. A particular parent data set forecast is identified from a parent data set. Locations for a group of one or more child data set forecasts that are children of the particular parent data set forecast are identified and accessed. A reconciliation operation is performed, a particular child data set forecast is adjusted and stored in a record, and a status indicator for the record is modified.