Method for forecasting using a genetic algorithm
First Claim
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1. A computer-implemented method of forecasting characteristics of a target item, comprising:
- determining one or more equations associated with forecasted characteristics of the target item, wherein each of the one or more equations includes one or more variables;
determining a data value for each of the one or more variables that represents the characteristics of the target item more so than other data values;
forecasting the characteristics of the target item by solving the one or more equations using the determined data values and a time period data value corresponding to a future time interval; and
providing the forecasted data,wherein determining the data value includes performing a process that implements a genetic algorithm that generates a plurality of chromosomes corresponding to the data values for the one or more variables.
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Abstract
A method and system is provided to perform a process for forecasting the characteristics of a target item based on historical characteristic data. The process includes determining one or more equations that when solved present a representation of forecasted characteristics of the target item, wherein each of the one or more equations includes one or more variables. Further, the process involves determining a data value for each of the one or more variables that best represents the characteristics of the target item and solving the one or more equations using the determined data values to forecast the characteristics of the target item.
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Citations
31 Claims
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1. A computer-implemented method of forecasting characteristics of a target item, comprising:
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determining one or more equations associated with forecasted characteristics of the target item, wherein each of the one or more equations includes one or more variables; determining a data value for each of the one or more variables that represents the characteristics of the target item more so than other data values; forecasting the characteristics of the target item by solving the one or more equations using the determined data values and a time period data value corresponding to a future time interval; and providing the forecasted data, wherein determining the data value includes performing a process that implements a genetic algorithm that generates a plurality of chromosomes corresponding to the data values for the one or more variables. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A system for forecasting characteristics of a target item, comprising:
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a database including a collection of historical data corresponding to monitored characteristics of the target item over a previous period of time; and a forecasting computer system for executing instructions stored on a memory device that performs a forecasting process that determines predicted characteristics of the target item for a future point in time, wherein the forecasting process includes, when executed by the forecasting computer system; determining one or more equations associated with forecasted characteristics of the target item, wherein each of the one or more equations includes one or more variables; determining a data value for each of the one or more variables that represents the characteristics of the target item more so than other data values; forecasting the characteristics of the target item by solving the one or more equations using the determined data values and a time period data value corresponding to a future time interval; and providing the forecasted data. - View Dependent Claims (21, 22, 23)
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24. A computer-readable medium including instructions for performing a method, when executed by a processor, for forecasting characteristics of a target item, the method comprising:
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determining one or more equations associated with forecasted characteristics of the target item, wherein each of the one or more equations includes one or more variables; determining a data value for each of the one or more variables that represents the characteristics of the target item more so than other data values; forecasting the characteristics of the target item by solving the one or more equations using the determined data values and a time period data value corresponding to a future time interval; and providing the forecasted data. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31)
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Specification