Timothy John Breault

Title: Innovations by Timothy John Breault

Introduction

Timothy John Breault is an accomplished inventor based in Huntersville, NC (US). He has made significant contributions to the field of data analysis and forecasting through his innovative patents. With a total of 5 patents, Breault has developed methodologies that enhance the understanding of risk and reward in various economic scenarios.

Latest Patents

One of Breault's latest patents is titled "Evaluating models using forecast error attribution." This invention presents methods, computer-readable media, and apparatuses for evaluating models by utilizing forecast error attribution. The process involves forecasting input values corresponding to input variables and calculating results from a modeling function based on these forecasted values. Actual performance data is then received, allowing for the calculation of holdout values that indicate potential assumption errors in the forecasted input values. A graph is subsequently plotted to visualize the results, actual performance data, and holdout values.

Another notable patent is the "Risk and reward assessment mechanism." This invention describes a data-driven and forward-looking methodology for assessing risk and reward appetites for consumers and small businesses. The methodology includes the collection of account-level historical data, which is segmented into groups based on similar revenues and loss characteristics. Statistical clusters are formed, and simulations are applied to forecast revenue and loss volatility, ultimately creating efficient frontier curves of risk and reward under various economic scenarios.

Career Highlights

Timothy Breault is currently employed at Bank of America Corporation, where he applies his expertise in data analysis and forecasting. His work focuses on developing innovative solutions that enhance financial decision-making processes.

Collaborations

Breault has collaborated with notable colleagues such as Agus Sudjianto and William Anthony Nobili, contributing to the advancement of methodologies in risk assessment and forecasting.

Conclusion

Timothy John Breault's innovative patents and contributions to the field of data analysis demonstrate his commitment to enhancing financial methodologies. His work continues to influence the way organizations assess risk and reward in various economic contexts.