GENERATING SUFFICIENTLY SIZED, RELATIVELY HOMOGENEOUS SEGMENTS OF REAL PROPERTY TRANSACTIONS BY CLUSTERING BASE GEOGRAPHICAL UNITS
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Nov 20, 2008
app pub date -
May 15, 2008
filing date -
May 15, 2007
priority date (Note) -
Published
status (Latency Note)
Importance
Abstract
Systems and methods for generating segments of real property transactions by clustering base geographic units are provided. According to one embodiment, information regarding real property transactions is received, each transactions corresponds to a base geographic unit based on a physical location of a real property associated with the transaction at issue. For each value of a clustering function represented within the real property transactions, relatively homogeneous segments of transactions are built by aggregating transactions of the base geographic units into clusters based on a predetermined similarity function evaluating corresponding numerically valued attributes associated with the base geographic units until each segment has a sufficient number of transactions to provide desired accuracy, reliability or usefulness in the context of desired numerical modeling or analysis and all real property transactions have been assigned to a segment. Then, the desired numerical modeling or analysis can be performed based on the resulting segments.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Advertisement
Advertisement
Advertisement
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully