US Patent No: 7,076,459
Number of patents in Portfolio can not be more than 2000
Demand estimation using auction price analysis
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Jul 11, 2006
Issued date -
Mar 21, 2001
filing date -
09/813,907
serial no -
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Abstract
A method for generating a demand estimate for a product includes gathering a set of auction data which is relevant to the product, removing from the auction data all but a highest bid from each unique bidder in the auction data, and correcting a bias in the auction data caused by a set of characteristics of an auction from which the auction data is obtained. In one embodiment, the auction data is obtained from an on-line auction which is characterized by bidders not necessarily knowing the start time of the auction.
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First Claim
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International Classification(s)
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Cited Art
| Patent Info | (Count) | # Cites | Year |
|---|---|---|---|
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| 6,151,589 Methods for performing large scale auctions and online negotiations | 101 | 1998 | |
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| 6,728,689 Method and apparatus for generating a data classification model using interactive adaptive learning algorithms | 10 | 2000 | |
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| 6,263,327 Finding collective baskets and inference rules for internet mining | 8 | 2000 | |
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| 2001/0039,497 System and method for monitizing network connected user bases utilizing distributed processing systems | 26 | 2001 | |
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