System and method for determining trailing data adjustment factors
First Claim
Patent Images
1. A method comprising:
- receiving historical market data for one or more sample outlets;
generating a first preliminary forecast of a product demand for a first time interval, wherein generating the first preliminary forecast comprises;
generating a sample forecast for at least one sample outlet of the one or more sample outlets based on the historical market data, andfor at least one non-sample outlet determining a projection factor and estimating a non-sample forecast using the projection factor;
receiving a first live market data during the first time interval;
screening the first live market data to exclude from subsequent processing a portion of the first live market data corresponding to one or more unusual events;
determining, by one or more processing devices, a first adjustment factor based on a difference between the screened live market data, which excludes the portion of the first live market data corresponding to one or more unusual events, and the first preliminary forecast; and
updating the first preliminary forecast for the first time interval using the first adjustment factor to derive a second preliminary forecast for the first time interval.
8 Assignments
0 Petitions
Accused Products
Abstract
Timely projections of product sales for a reporting time period are obtained by combining actual sales data received from reporting stores and estimated sales data for non-reporting stores. The projections are adjusted to account for trailing data, which may be reported after the end of the subject time period.
-
Citations
16 Claims
-
1. A method comprising:
-
receiving historical market data for one or more sample outlets; generating a first preliminary forecast of a product demand for a first time interval, wherein generating the first preliminary forecast comprises; generating a sample forecast for at least one sample outlet of the one or more sample outlets based on the historical market data, and for at least one non-sample outlet determining a projection factor and estimating a non-sample forecast using the projection factor; receiving a first live market data during the first time interval; screening the first live market data to exclude from subsequent processing a portion of the first live market data corresponding to one or more unusual events; determining, by one or more processing devices, a first adjustment factor based on a difference between the screened live market data, which excludes the portion of the first live market data corresponding to one or more unusual events, and the first preliminary forecast; and updating the first preliminary forecast for the first time interval using the first adjustment factor to derive a second preliminary forecast for the first time interval. - View Dependent Claims (2, 3, 4, 5, 16)
-
-
6. A computer-readable non-transitory storage medium encoded with a computer program, the program comprising instructions that when executed by one or more processors cause the one or more processors to perform operations comprising:
-
receiving historical market data for one or more sample outlets; generating a first preliminary forecast of a product demand for a first time interval, wherein generating the first preliminary forecast comprises; generating a sample forecast for at least one sample outlet of the one or more sample outlets based on the historical market data, and for at least one non-sample outlet, determining a projection factor and generating a non-sample forecast using the projection factor; receiving a first live market data during the first time interval; screening the first live market data to exclude, from subsequent processing, a portion of the first live market data corresponding to one or more unusual events; calculating a first adjustment factor based on a difference between the screened live market data, which excludes the portion of the first live market data corresponding to one or more unusual events, and the first preliminary forecast; and updating the first preliminary forecast for the first time interval using the first adjustment factor to derive a second preliminary forecast for the first time interval. - View Dependent Claims (7, 8, 9, 10)
-
-
11. A system comprising:
-
one or more processing devices; and a non-transitory computer-readable medium coupled to the one or more processing devices having instructions stored thereon which, when executed by the one or more processing devices, cause the one or more processing devices to perform operations comprising; receiving historical market data for one or more sample outlets; generating a first preliminary forecast of a product demand for a first time interval, wherein generating the first preliminary forecast comprises; generating a sample forecast for at least one sample outlet of the one or more sample outlets based on the historical market data, and for at least one non-sample outlet, determining a projection factor and generating a non-sample forecast using the projection factor; receiving a first live market data during the first time interval; screening the first live market data to exclude, from subsequent processing, a portion of the first live market data corresponding to one or more unusual events; determining a first adjustment factor based on a difference between the screened live market data, which excludes the portion of the first live market data corresponding to one or more unusual events, and the first preliminary forecast; and updating the first preliminary forecast for the first time interval using the first adjustment factor to derive a second preliminary forecast for the first time interval. - View Dependent Claims (12, 13, 14, 15)
-
Specification