METHOD AND SYSTEM FOR FORECASTING DEMAND WITH RESPECT TO AN ENTITY

• Main Authors: Paul, Debdeep, Huang, Yizhou, Kek, Khai Jun, Yin, Yongning
• Format: Patent
• Language: English
• Published: 24.02.2022
• Subjects: CALCULATING; COMPUTER SYSTEMS BASED ON SPECIFIC COMPUTATIONAL MODELS; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

Method and system is disclosed for forecasting demand with respect to an entity. The method comprises receiving a plurality of input data-sets associated with time-series data, wherein each of said data-sets refers a time-based variation of one or more variables in accordance with a designated time-interval. At least one transformation-result is generated by transforming time-intervals of at least one input dataset based on a plurality of time interval transformation models. A plurality of first intermediate forecast results are predicted based on a plurality of demand forecasting models from the at-least one transformation result. An aggregated result is generated from the plurality of the first intermediate forecast results through an ensemble-model to thereby render said aggregated result as a final prediction result.