Caterpillar Inc.

Stephen James Forret

Anthony James Grichnik

Scott Edward Taylor

A characteristic forecasting system is disclosed. The characteristic forecasting system may have a memory module and a processor. The memory module may store instructions, that, when executed, enable the processor to generate forecast data for a target item based on historical data related to the target item, the forecast data representing a forecast for characteristics of the target item. The processor may also be enabled to analyze a subset of the historical data within an observation window to determine whether the forecast data should be updated with new forecast data and generate the new forecast data for the target item responsive to a determination that the forecast data should be updated with the new forecast data.

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Morton, IL, United States of America

Stephen James Forret