Patents Assigned to KRONOS TECHNOLOGY SYSTEMS LIMITED PARTNERSHI
  • Patent number: 11068916
    Abstract: Methods for estimating multiple types of retail business volume based on multiple types of data are described. Historical volume data, prior recorded business volume, characteristics of the store including departments, and geographical location are used. Historical data is transformed into multiple features that capture seasonality, trends, the effects of special events and other business characteristics. This data can be pooled based on business characteristics, and then machine learning regression models, e.g., multiple regression trees, are fitted to each pool of data. To estimate future volume, the same features are computed, and the regression model is applied. The estimates are presented back to the user, or transmitted electronically to other systems, including systems for creating worker schedules based on predicted volumes. Systems, apparatus and computer readable media are also described.
    Type: Grant
    Filed: June 21, 2018
    Date of Patent: July 20, 2021
    Assignee: KRONOS TECHNOLOGY SYSTEMS LIMITED PARTNERSHI
    Inventors: Michael A. Scarpati, Alexander Krowitz, Martin Tapp