Projection factors for forecasting product demand
US7921029B2 · kind B2 · utility
8Cited by
17References
12Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Dec 2, 2005 |
| Grant date | Apr 5, 2011 |
| Priority date | — |
| Expiry date | Aug 18, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0205
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Projection factors are used to project product sales data from sample retail outlets to the universe of outlets. Weekly forecasts of market conditions and product demand are generated based on the projected product sales data. The projection factors and the weekly forecasts are updated during the course of the forecasted week, for example, daily, as data on actual product sales during the forecasted week is received.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.