Predictive method
First Claim
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1. A method of addressing the occurrence of event, comprising:
- (a) identifying a set of formulae;
(b) establishing a pattern based upon said formulae for points in time when an event occurred which pattern is independent of the event;
(c) calculating a set of values based on historical data for said points in time;
(d) comparing said pattern to said set of values at said points in time to establish a relationship;
(e) extending said relationship into the future to predict an occurrence of said event; and
(f) addressing the occurrence of said event before it occurs.
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Abstract
A method and system for forecasting using pattern recognition and extension software. Models of the present invention select patterns from a library that match historical data and extend them into the future to make forecasts that can be used with a variety of predictive technologies.
36 Citations
15 Claims
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1. A method of addressing the occurrence of event, comprising:
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(a) identifying a set of formulae;
(b) establishing a pattern based upon said formulae for points in time when an event occurred which pattern is independent of the event;
(c) calculating a set of values based on historical data for said points in time;
(d) comparing said pattern to said set of values at said points in time to establish a relationship;
(e) extending said relationship into the future to predict an occurrence of said event; and
(f) addressing the occurrence of said event before it occurs. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method of addressing the occurrence of an event, comprising:
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(a) developing a set of formulae that are mathematical functions of elapsed time but independent of the occurrence of the event;
(b) establishing a mathematical relationship between past occurrence of such event and a combination of one or more said formulae involving elapsed time;
(c) extending said relationship into the future to predict an occurrence of the event; and
(d) addressing the occurrence of the event before it occurs.
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Specification