Invention Grant
- Patent Title: Generating a sales volume forecast
- Patent Title (中): 生成销量预测
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Application No.: US11876984Application Date: 2007-10-23
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Publication No.: US08090614B2Publication Date: 2012-01-03
- Inventor: Charles P. Ford , Wei Cao
- Applicant: Charles P. Ford , Wei Cao
- Applicant Address: US AZ Scottsdale
- Assignee: JDA Software Group, Inc.
- Current Assignee: JDA Software Group, Inc.
- Current Assignee Address: US AZ Scottsdale
- Agency: Booth Udall, PLC
- Agent Steven J. Laureanti
- Main IPC: G06F17/30
- IPC: G06F17/30

Abstract:
A method for generating a sales volume forecast includes receiving user input specifying a hypothetical asking price and a future date and accessing, for each of multiple past time periods, historical data reflecting a sales volume for an item over the past time period and a corresponding price difference between an asking price and a coinciding market price for the item, the price difference also being associated with the past time period. The method also includes determining a historical correlation for the item between sales volume and price difference between asking price and coinciding market price, accessing market data reflecting a future market price for the item associated with the specified future date, determining a price difference between the specified hypothetical asking price and the future market price for the item, applying the determined historical correlation to the determined price difference to generate a sales volume forecast, and providing the generated sales volume forecast for access by a user.
Public/Granted literature
- US20080040204A1 Generating a Sales Volume Forecast Public/Granted day:2008-02-14
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