Patents by Inventor Thomas Olavson

Thomas Olavson has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Method and system for forecasting commodity prices using capacity utilization data
    Patent number: 7693801
    Abstract: The present invention includes a method and system for creating a price-forecasting tool for a commodity. The method and system comprise providing price data and industry capacity utilization data related to the commodity, and establishing the price-forecasting tool based on a statistical relationship between the price data and the industry capacity utilization data. A method of doing business is disclosed comprising creating a price forecasting tool based on a statistical relationship between price data and industry capacity utilization data of the commodity, and utilizing the price forecasting tool to generate a plurality of scenario prices for the commodity for a plurality of forecast horizons.
    Type: Grant
    Filed: April 22, 2004
    Date of Patent: April 6, 2010
    Assignee: Hewlett-Packard Development Company, L.P.
    Inventor: Thomas Olavson
  • Method and system for forecasting commodity prices using capacity utilization data
    Publication number: 20050240539
    Abstract: The present invention includes a method and system for creating a price-forecasting tool for a commodity. The method and system comprise providing price data and industry capacity utilization data related to the commodity, and establishing the price-forecasting tool based on a statistical relationship between the price data and the industry capacity utilization data. A method of doing business is disclosed comprising creating a price forecasting tool based on a statistical relationship between price data and industry capacity utilization data of the commodity, and utilizing the price forecasting tool to generate a plurality of scenario prices for the commodity for a plurality of forecast horizons.
    Type: Application
    Filed: April 22, 2004
    Publication date: October 27, 2005
    Inventor: Thomas Olavson
  • Method and system for creating a price forecasting tool
    Publication number: 20040128261
    Abstract: The present invention includes a method and system for creating a price forecasting tool. The method includes receiving historical data related to a commodity, defining a long-run average price trend based on the received historical data and creating a price forecasting tool based on the long-run average price trend wherein the price forecasting tool is capable of taking into account a market momentum of the commodity in order to generate a plurality of scenario prices of the commodity for a plurality of forecast horizons. By utilizing the method and system in accordance with the present invention, a separate statistical model is developed for each forecast horizon, rather than developing a single period model that is then run through simulations to develop longer term forecast distributions.
    Type: Application
    Filed: December 31, 2002
    Publication date: July 1, 2004
    Inventors: Thomas Olavson, Greg Jacobus, Venu Nagali, John Penfield Bowman