US Patent Issued to TOWERS WATSON SOFTWARE on Aug. 25 for "Resampling simulation results for correlated events" (British, American Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,717,984, issued on Aug. 25, was assigned to TOWERS WATSON SOFTWARE Ltd. (Surrey, Great Britain).

"Resampling simulation results for correlated events" was invented by Andrew John Mcguinness (Thornhill, Great Britain), Bradley Curtis Lackey (Redmond, Wash.) and Yakoub Hassanov Yakoubov (Reigate, Great Britain).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computing system including a processor configured to receive, for a plurality of correlated random variables, a simulation sample including a plurality of simulations. The processor may generate a surrogate cumulative distribution model at least in part by estimating a plurality of surrogate model par...