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System and method for selection of prediction tools

  • US 7,558,771 B2
  • Filed: 06/07/2006
  • Issued: 07/07/2009
  • Est. Priority Date: 06/07/2006
  • Status: Active Grant
First Claim
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1. A computer usable medium having computer readable program code facilitating a method for data analysis, the method comprising:

  • processing data with a plurality of prediction algorithms to produce prediction values, the prediction values having associated prediction confidence intervals;

    evaluating historical and expected performance of the prediction algorithms to generate performance indexes, the performance indexes having associated index confidence intervals;

    generating relevance values of the prediction algorithms based on the performance indexes and index confidence intervals;

    applying the relevance values and prediction confidence intervals to combine prediction values based on a weighting of each of the prediction algorithms;

    applying multivariable data fusion to combine the prediction values thereby providing a combined prediction value; and

    producing output representative of the combined prediction value having improved prediction accuracy as compared to the prediction values.

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