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METHOD AND SYSTEM FOR GENERATING ENSEMBLE DEMAND FORECASTS

  • US 20200134640A1
  • Filed: 10/26/2018
  • Published: 04/30/2020
  • Est. Priority Date: 10/26/2018
  • Status: Active Grant
First Claim
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1. A system for forecasting demand for a plurality of items, the system comprising:

  • a common data preparation engine comprising;

    a computing system including a data store, processor, and memory communicatively coupled to the processor, the memory storing instructions executable by the processor to;

    receive sales data,convert sales data to common format data, andstore common format data in a standard data store;

    an enterprise forecast engine comprising;

    a computing system including a processor, and a memory communicatively coupled to the processor, the memory storing instructions executable by the processor to;

    build a forecasting model;

    access the common format data;

    generate an aggregate demand forecast using the forecasting model and the common format data; and

    communicate demand forecast to a forecast data store for storage;

    a server comprising an API accessible by one or more client applications, the API configured to;

    receive requests for demand forecasts,communicate demand forecast requests to the forecasts data store, andreceive demand forecasts from the forecasts data store.

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