US Patent Issued to University of Leeds on Sept. 9 for "Systems and methods for probabilistic forecasting of extremes" (British, Swiss Inventors)

ALEXANDRIA, Va., Sept. 10 -- United States Patent no. 12,412,111, issued on Sept. 9, was assigned to University of Leeds (Leeds, Great Britain).

"Systems and methods for probabilistic forecasting of extremes" was invented by Leonid Bogachev (Leeds, Great Britain) and Janos Gyarmati-Szabo (Zurich, Switzerland).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method for producing probabilistic forecasts of extreme values. The method comprises obtaining input data comprising a plurality of signals of interest and a plurality of covariates associated therewith, each covariate of the plurality of covariates having an associated data type. The method further comprises performing a first forecas...