Econometric engine
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Mar 1, 2011
Grant Date -
N/A
app pub date -
Dec 20, 2000
filing date -
Dec 20, 2000
priority date (Note) -
Expired
status (Latency Note)
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Abstract
A method for creating a sales model for a plurality of products is provided. Generally a plurality demand groups are created, where each demand group is a set of at least one product and wherein at least one of the demand groups is a set of at least two products. A sales model is created for each demand group. A market share model is created for each product in each demand group.In addition, an econometric engine for modeling sales as a function of price is provided. An imputed variable generator and a coefficient estimator coupled to the imputed variable generator form the econometric engine, where imputed variables generated by the variable generator are used by the coefficient estimator to create a sales model.
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