This inventor holds 3 USPTO granted patents. Top assignee: Sas Institute Inc.. Active years: 2009-2013.
Company Filing History:
Years Active: 2009-2013
Title: Innovations by Richard Patrick Fahey
Introduction
Richard Patrick Fahey is an accomplished inventor based in Cary, NC (US). He has made significant contributions to the field of computer-implemented systems, particularly in the area of forecast reconciliation. With a total of 3 patents to his name, Fahey's work has had a notable impact on how forecasts are managed and reconciled in various applications.
Latest Patents
Fahey's latest patents include innovative systems and methods for forecast reconciliation. One of his patents presents a method that receives multiple hierarchical forecast data sets. This method generates an output child data set that includes an index value and a status indicator representing an unprocessed state. It identifies a particular parent data set forecast and accesses locations for a group of child data set forecasts. A reconciliation operation is then performed, adjusting a specific child data set forecast and modifying its status indicator.
Another patent focuses on reconciling forecasts for dimensions based on associated data. This method generates multiple forecasts for different dimensions, ensuring that the forecast of one dimension is generated independently of another. The reconciliation process determines how the constraints of one dimension's forecast influence the other, showcasing Fahey's innovative approach to complex forecasting challenges.
Career Highlights
Richard Patrick Fahey is currently employed at SAS Institute Inc., a leading analytics software company. His work at SAS has allowed him to develop and refine his innovative ideas in forecast reconciliation, contributing to the company's reputation for excellence in data analytics.
Collaborations
Fahey has collaborated with notable colleagues, including Mahesh V Joshi and Michael James Leonard. These collaborations have likely enriched his work and contributed to the development of his patents.
Conclusion
Richard Patrick Fahey is a prominent inventor whose work in forecast reconciliation has advanced the field of data analytics. His innovative patents and contributions at SAS Institute Inc. highlight his expertise and commitment to improving forecasting methods.