Scalable regression for retail panel data
US8751289B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 5, 2011 |
| Grant date | Jun 10, 2014 |
| Priority date | — |
| Expiry date | Dec 1, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems, methods, and other embodiments associated with scalable regression for retail panel are described. In one embodiment, a method includes performing a regression that estimates elasticity of demand for a retail item, wherein the regression is performed on a transformation of a demand model that does not include variables associated with base demand or seasonality. In a subsequent processing step, the method includes estimating a base demand and seasonality for the retail item based, at least in part, on the estimated elasticity of demand. The method may be performed in a database that stores retail panel data for the retail item and other retail items.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.