Method and system for comparing populations of entities to make predictions about business locations
US7797180B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Dec 19, 2007 |
| Grant date | Sep 14, 2010 |
| Priority date | — |
| Expiry date | Oct 28, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0205
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and system including software makes predictions about potential business locations. The method includes the steps of providing heterogeneous data including a spatial component, extracting entities from the heterogeneous data, clustering the entities, and making a prediction about the business location using the clustered entities. Entities preferably include stores, people, or other physical objects and each has attributes. Preferably the entities include at least one of the following attributes: Value Ratio, Focal Values, Impact, Revenue Difference, Support, and Baseline Value. In this way, predictions made about the business locations will account for the nature of the business and enable comparison of one business location to another.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.