Patent ID: 7899699
Filing Date: 2011-03-01
Classification: G06Q

Abstract:
1. A method for adaptive forecasting, comprising: receiving a request to forecast a number of tickets that will be sold for a future airline flight, wherein the future airline flight will depart: retrieving a first permanent component, the first permanent component being a historical average number of tickets that were sold over a first time period for past airline flights that have departed from the departure market at the departure time; retrieving a first trend component, the first trend component being based on a first trend difference between the first permanent component and a first previous permanent component, retrieving a first seasonal component, determining, using a computer, a first forecast of the number of tickets that will be sold for the future airline flight, the first forecast being based on the first permanent component, the first trend component, and the first seasonal component; determining whether the first forecast is valid; and if the first forecast is not valid, then: determining, using a computer, a second forecast of the number of tickets that will be sold for the future airline flight, the second forecast being based on the second permanent component, the second trend component, and the second seasonal component.