ESTIMATING THE TOTAL SALES OVER STREAMING BIDS
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United States of America Patent
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Issued Date -
Nov 27, 2014
app pub date -
May 23, 2013
filing date -
May 23, 2013
priority date (Note) -
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Abstract
A mechanism is provided for computing an estimation of maximum total sales over streaming items. Each item having an associated value is designated as an item value pair. Value ranges are established to place the item value pairs. The value ranges are distinct. Each of the item value pairs is added into the value ranges according to each of the associated values for the item value pairs. Repeated item value pairs are removed that are in the same value ranges. A number of the item value pairs is reduced in each of the value ranges respectively based on an error factor, by randomly selecting the item value pairs to remove from each of the value ranges. An estimate of a total maximum value of the bids for the item value pairs in all of the value ranges is computed based on a scale factor.
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