PREDICTING TRANSIENT POPULATION BASED ON PAYMENT CARD USAGE
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United States of America Patent
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Issued Date -
Nov 12, 2015
app pub date -
May 6, 2014
filing date -
May 6, 2014
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Abstract
A system and a method for predicting the transient population of a geographic location or region using point of sale transaction data are disclosed. Historical purchase data is used to develop logic for predicting a transient population at any given time, or predicting or determining the present transient population. The logic can be tested against transaction data to qualify its accuracy. Statistical techniques are used to develop the logic with a sample of payment cardholders during an analytical phase. The logic can be applied to a broader universe of cardholders to ascertain a higher level of confidence that can be assigned to the prediction.
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