US Patent Issued to Blue Yonder Group on June 30 for "System and method of scaling-aware rating of count forecasts" (German Inventor)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,670,506, issued on June 30, was assigned to Blue Yonder Group Inc. (Scottsdale, Ariz.).

"System and method of scaling-aware rating of count forecasts" was invented by Malte Christopher Tichy (Hamburg, Germany).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method are disclosed for evaluating a forecast. The method includes aggregating a set of predictions and a set of actuals into prediction buckets, rating prediction data of the set of predictions using forecast metrics, computing an ideal benchmark for the forecast metrics, determining a scaling adjustment to calculate one or more non-ideal benchmarks to create a forecast rating scale, det...