Transforming a transactional data set to generate forecasting and prediction insights
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United States of America Patent
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May 25, 2021
Grant Date -
Feb 1, 2018
app pub date -
Jul 28, 2016
filing date -
Jul 28, 2016
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Abstract
A method, system, and/or computer program product analyses event transactional related data to generate insights and predictions, which are pre-created to efficiently respond to requests for prediction/forecasting information, in order to improve the operation of the prediction-generating computer. One or more processors receive a series of structured data, where each entry (Ei) from the series of structured data has one or more time fields Tk and one or more attributes Aj. In response to determining that the series of structured data is transactional, one or more processors select a time field Tkr that meets an aggregation criterion, and then aggregate the transactional data from the time field Tkr into a time series data format. One or more processors consolidate results from a time series analysis and a regression analysis of the transformed transactional data to create a consolidated result, which is used to respond to a request for prediction/forecasting information.
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