System, method, and computer program product for forecasting weather-based demand using proxy data
First Claim
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1. A system for forecasting weather-based demand, comprising:
- a recombination processor wherein;
said recombination processor is configured to receive weather metrics data;
said recombination processor is configured to receive weather factor relationship weather factor relationship data from a weather factor relationship database, wherein the weather factor relationship data from the weather factor relationship database is different from the weather metrics data; and
said recombination processor is configured to produce normalized weather factor metrics data based on the weather metrics data and the weather factor relationship the weather factor relationship data from the weather factor relationship database, the normalized weather factor metrics data being indicative of a percentage increase or decrease in a demand relationship value in a first time period over a second time period.
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Abstract
Weather metrics data and a weather factor relationship knowledgebase are received and used to forecast the weather-based demand. The weather factor relationship knowledgebase can be a weather-impact model. The weather-impact model can comprise at least one of an empirical scoring matrix, a weather indices template, and a proxy model conditions template. The weather-impact model can be derived from an analysis of normalized proxy sales history data. Optionally, the weather-based demand can be scaled, deaggregated, or both.
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Citations
21 Claims
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1. A system for forecasting weather-based demand, comprising:
a recombination processor wherein; said recombination processor is configured to receive weather metrics data; said recombination processor is configured to receive weather factor relationship weather factor relationship data from a weather factor relationship database, wherein the weather factor relationship data from the weather factor relationship database is different from the weather metrics data; and said recombination processor is configured to produce normalized weather factor metrics data based on the weather metrics data and the weather factor relationship the weather factor relationship data from the weather factor relationship database, the normalized weather factor metrics data being indicative of a percentage increase or decrease in a demand relationship value in a first time period over a second time period. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method for forecasting weather-based demand, comprising:
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receiving by a processor, weather metrics data; receiving, by the processor, weather factor relationship weather factor relationship data from a weather factor relationship database, wherein the weather factor relationship database is different from the weather metric data; and forecasting by the processor, the weather-based demand by using normalized weather factor metrics data based on the weather metrics data and the weather factor relationship weather factor relationship data from the weather factor relationship database, the normalized weather factor metrics data being indicative of a percentage increase or decrease in a demand relationship value in a first time period over a second time period. - View Dependent Claims (10, 11, 12, 13, 14)
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15. A computer program product for forecasting weather-based demand, said computer program product having computer program code means stored on a non-transitory storage medium, said computer program code means comprising:
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a first program code means for causing a processor to receive weather metrics data; a second program code means for causing the processor to receive weather factor relationship weather factor relationship data from a weather factor relationship database, wherein the weather factor relationship database is different from the weather metric data; and a third program code means for causing the processor to forecast the weather-based demand by using normalized weather factor metrics data based on the weather metrics data and the weather factor relationship weather factor relationship data from the weather factor relationship database, the normalized weather factor metrics data being indicative of a percentage increase or decrease in a demand relationship value in a first time period over a second time period. - View Dependent Claims (16, 17, 18, 19, 20)
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21. A non-transitory storage medium having instructions stored thereon, the instructions comprising:
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instructions for receiving weather metrics data; instructions for receiving weather factor relationship data from a weather factor relationship database; and instructions for forecasting weather-based demand by using normalized weather factor metrics data based on the weather metrics data and the weather factor relationship data from the weather factor relationship database, the normalized weather factor metrics data being indicative of a percentage increase or decrease in a demand relationship value in a first time period over a second time period.
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Specification