Techniques for performing business analysis based on incomplete and/or stage-based data

• Main Authors: GAMBHIR SNEHIL, KALISH PETER A, SENTURK DENIZ, HOERL ROGER W, LACOMB CHRISTINA A
• Format: Patent
• Language: English
• Published: 09.03.2010
• Subjects: CALCULATING; 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

Electrical data processing techniques are described for performing business analysis based on datasets that are incomplete (e.g., contain censored data) and/or based on datasets that are derived from a stage-based business operation. A first technique offsets the effects of error caused by the incomplete dataset by performing a trending operation followed by a de-trending operation. A second technique provides a model containing multiple sub-models, where the output of one sub-model serves as the input to another sub-model in recursive fashion. A third technique determines when a specified event is likely to occur with respect to a given asset by first discriminating whether the event is very unlikely to occur; if the asset does not meet this initial test, it is further processed by a second sub-model, which determines the probability that the specified event will occur for each of a specified series of time intervals.