Demand forecasting using weighted mixed machine learning models

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 11922440
APP PUB NO 20190130425A1
SERIAL NO

15799115

Stats

ATTORNEY / AGENT: (SPONSORED)

Importance

Loading Importance Indicators... loading....

Abstract

See full text

Embodiments forecast demand of an item by receiving historical sales data for the item for a plurality of past time periods including a plurality of features that define one or more feature sets. Embodiments use the feature sets as inputs to one or more different algorithms to generate a plurality of different models. Embodiments train each of the different models. Embodiments use each of the trained models to generate a plurality of past demand forecasts for each of some or all of the past time periods. Embodiments determine a root-mean-square error (“RMSE”) for each of the past demand forecasts and, based on the RMSE, determine a weight for each of the trained models and normalize each weight. Embodiments then generate a final demand forecast for the item for each future time period by combining a weighted value for each trained model.

Loading the Abstract Image... loading....

First Claim

See full text

Family

Loading Family data... loading....

Patent Owner(s)

  • ORACLE INTERNATIONAL CORPORATION

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Lei, Ming Ellicott City, US 362 3511
Popescu, Catalin Atlanta, US 23 114

Cited Art Landscape

Load Citation

Patent Citation Ranking

Forward Cite Landscape

Load Citation

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
3.5 Year Payment $1600.00 $800.00 $400.00 Sep 5, 2027
7.5 Year Payment $3600.00 $1800.00 $900.00 Sep 5, 2031
11.5 Year Payment $7400.00 $3700.00 $1850.00 Sep 5, 2035
Fee Large entity fee small entity fee micro entity fee
Surcharge - 3.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00