Forecasting discovery costs based on interpolation of historic event patterns
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United States of America Patent
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Dec 6, 2011
Grant Date -
Apr 1, 2010
app pub date -
Sep 30, 2008
filing date -
Sep 30, 2008
priority date (Note) -
Expired
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Abstract
A computer-implemented method of forecasting discovery costs captures historical business events, which are aggregated and statistically analyzed by matter type and business event types. Statistical data is used to calculate probabilities of occurrence of future business events and to extrapolate occurrence of those future business events. The method forecasts an extrapolated volume of production at the time of a forecasted export event. The method further forecasts costs for future discovery from the extrapolated volume of production.
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