Patent Document ID: 9208209
Application ID: 14668854
Patent Flag: 1

Claim One:
1. A forecasting system for applying forecasts and using outputs to implement remedial actions, comprising: a receiver that receives: time series data including a plurality of current data points; and a forecast model for a forecast applicable to the time series data; a transformation engine that applies the forecast model to the time series data to produce a plurality of outputs; a control engine that determines a set of control limits using a control chart and a set of residual values; an anomaly detection engine that: generates the set of residual values using the plurality of current data points and the plurality of outputs, wherein each residual value in the set of residual values indicates a difference between a current data point of the plurality of current data points and an output of the plurality of outputs; and identifies one or more anomalies of the set of residual values based on the set of control limits and the control chart; and a remedial-action engine that: determines a remedial action list including a plurality of types of remedial actions; assigns a prioritization to the types of remedial actions in the remedial action list, wherein prioritizations are based on computational costs of the remedial actions; determines a remedial action for the forecast model based on the prioritizations of the types of remedial actions in the remedial action list and the one or more anomalies; and perform the remedial action related to the forecast model.