System and method for generating demand groups
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United States of America Patent
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Oct 10, 2017
Issued Date -
N/A
app pub date -
Mar 9, 2010
filing date -
Dec 20, 2000
priority date (Note) -
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Abstract
The present invention relates to a system and method for generating demand groups. The system receives demand group modeling data including a product listing, point of sales data, available econometric data and product information. Attributes may then be assigned to the products based upon product identifiers, size, flavor, brand, and product descriptions utilizing natural language processing. The products may then be clustered according to the attributes and point of sales data. One or more decision trees may be generated for the product listings using the point of sales data. Demand rules may be received, which may be applied to the product clusters and the decision trees to generate demand groups. A confidence score may be generated for each product indicating how well that product fits within the demand group. These confidence scores may be compared against a threshold. Products with scores below the threshold may be flagged for user review.
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