Method and system for validating ensemble demand forecasts

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United States of America Patent

PATENT NO 11170391
APP PUB NO 20200134642A1
SERIAL NO

16172603

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Abstract

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Methods and systems for forecasting demand for a plurality of items are provided. In particular, the demand forecasting system and methods described herein are useful for predicting demand of products in a retail context. Forecast models are built and used to score incoming sales data to predict future demand for items. Forecast models are validated by evaluating actual demand against predicted demand and using that information to inform how future ensemble forecast will be generated. Forecasts may be broken down into smaller components to satisfy a variety of requests for data from client applications.

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Patent Owner(s)

  • TARGET BRANDS INC.

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Das, Anand Bangalore, IN 14 83
Morgan, Adam Minneapolis, US 20 72
Shah, Samir H San Jose, US 5 34
Yelland, Phillip Minneapolis, US 4 21

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