Computer-implemented systems and methods for forecasting and estimation using grid regression
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United States of America Patent
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Jul 1, 2014
Grant Date -
Apr 25, 2013
app pub date -
Oct 21, 2011
filing date -
Oct 21, 2011
priority date (Note) -
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Abstract
Systems and methods are provided for estimating a value for a target variable. A plurality of known entities are assigned to cells of a grid, where the known entities are assigned to the cells based upon attribute data. A determination is made as to whether each cell has at least a threshold number of assigned known entities. When one of the cells contains fewer than the threshold number of known entities, cells are combined to form a super cell. A model is generated for each cell and super cell based upon target variable values for known entities assigned to that cell or super cell. Data for a target entity is received, and the target entity is assigned to one the cells. One of the models is selected based upon the cell assignment, and an estimate is generated for the target variable for the target entity using the selected model.
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