US Patent Issued to THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE on Oct. 27 for "Dynamic outlier bias reduction system and method" (Texas Inventor)

ALEXANDRIA, Va., Oct. 27 -- United States Patent no. 12,775,674, issued on Oct. 27, was assigned to THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY (Hartford, Conn.).

"Dynamic outlier bias reduction system and method" was invented by Richard B. Jones (Georgetown, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method is described herein for data filtering to reduce functional, and trend line outlier bias. Outliers are removed from the data set through an objective statistical method. Bias is determined based on absolute, relative error, or both. Error values are computed from the data, model coefficients, or trend line calculations. Outlier data records are removed when the error...