Yikang Li

Title: Yikang Li: Innovator in Forecasting and Sales Volume Estimation

Introduction

Yikang Li is a notable inventor based in Bridgewater, NJ (US). He has made significant contributions to the fields of forecasting and sales volume estimation, holding a total of 3 patents. His innovative approaches have been instrumental in enhancing business analyses and decision-making processes.

Latest Patents

Yikang Li's latest patents include a method for forecasting a Last Time Buy quantity for a service part using a low-pass filter approach. This method involves accessing input data related to the service lifespan of a product and applying a low-pass filter to extract low-frequency components from an order data series. By identifying local maxima within the smoothed order data series, the method enables exponential forecasting to generate an estimated Last Time Buy quantity for the service part. This estimated quantity is crucial for various business analyses.

Another significant patent focuses on estimating base sales volume. In this iterative process, a low-pass filter is applied to actual sales volume series to derive a base sales volume series. The method determines a locally optimal base sales volume series and selects a globally optimal series for each time period. The estimated base sales volumes are then made available for business analysis, providing valuable insights for companies.

Career Highlights

Throughout his career, Yikang Li has worked with prominent companies, including I2 Technologies US, Inc. and I2 Technologies, Inc. His experience in these organizations has allowed him to refine his skills and contribute to innovative solutions in the industry.

Conclusion

Yikang Li's work in forecasting and sales volume estimation showcases his expertise and commitment to innovation. His patents reflect a deep understanding of business needs and the application of advanced methodologies to address them. His contributions continue to influence the field and support effective business strategies.