METHOD OF PROVIDING ECONOMETRIC INFORMATION BASED ON REAL TIME/REAL DATA FINANCIAL TRANSACTIONS
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United States of America Patent
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N/A
Issued Date -
Jul 5, 2012
app pub date -
Dec 29, 2010
filing date -
Dec 29, 2010
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
Econometric information is produced based upon real data that has been electronically acquired in real time. The acquired data is analyzed to select data records having attributes unique to a particular activity of interest. The selected data records are aggregated, adjusted, and used to create a statistical index or metric related to an economic activity. The statistical index or metric, together with information illustrating or interpreting information, is electronically distributed. As an example, a Pulse of Commerce Index related to shipment of goods is produced by electronically processing and storing data relating to financial transactions involved in purchase of goods and services. Data records are selected that involve fuel purchases, which act as a proxy for freight activity. Using the selected data records, both national and regional indices based upon fuel purchases are produced and distributed.
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