Calculating an index that represents the price of a commodity
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United States of America Patent
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N/A
Issued Date -
Jun 11, 2009
app pub date -
Dec 5, 2007
filing date -
Dec 5, 2007
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
An index that represents a price of a commodity paid by a plurality of purchasers is calculated by identifying a first subset of purchasers from the plurality of purchasers. A second subset of purchasers is selected from the first subset of purchasers, prices are obtained from the purchasers that comprise the second subset, and a statistic of the prices is calculated to develop the index.
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