ALEXANDRIA, Va., June 25 -- United States Patent no. 12,340,445, issued on June 24, was assigned to SAS INSTITUTE INC. (Cary, N.C.).

"Hierarchical modeling node for visual forecasting" was invented by Michele Angelo Trovero (Cary, N.C.), Mahesh Vijaykumar Joshi (Cary, N.C.), Steven Christopher Mills (Raleigh, N.C.), Phillip Mark Helmkamp (Apex, N.C.), Youngjin Park (Durham, N.C.), Iman Vasheghani Farahani (Charlotte, N.C.), Rajib Nath (Pune, India), Kritika Misra (Maharashtra, India), Vilochan Suresh Muley (Pune, Ind.) and Ran Bi (Apex, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system described herein can generate a graphical user interface (GUI) for a piece of forecasting software. The GUI can i...