Method and system for hierarchical forecasting

    公开(公告)号:US11928616B2

    公开(公告)日:2024-03-12

    申请号:US16647748

    申请日:2018-09-18

    Applicant: Kinaxis Inc.

    CPC classification number: G06Q10/04 G06F18/214 G06N20/20

    Abstract: A system and method for generation of automated forecasts for a subject based on one or more input parameters. The subject located at an end node of a hierarchy. The method includes: receiving historical data associated with the subject; determining the sufficiency of the historical data based on a feasibility of building a machine learning model to generate a forecast with a predetermined level of accuracy using the historical data; building the machine learning model using the historical data when there is sufficiency of the historical data; building the machine learning model using historical data associated with an ancestor node on the hierarchy when there is not sufficiency of the historical data; generating a forecast for the subject using the machine learning model based on the one or more input parameters; and outputting the forecast.

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