Sap Ag

Brent May

Yetkin Ileri

Adam N Rosenberg

Jeffrey D Moore

William M Chimitt, Jr

Mohamed Mneimneh

A method for transforming transactional data into a forecast and confidence interval for controlling a commerce system involves moving goods between members of a commerce system, and recording transaction data related to movement of goods between the members of the commerce system. The transaction data includes price, product, time, and promotion. The model parameters are estimated based on the transactional data using a demand model to generate a forecast of demand for the goods based on a proposed price or promotion. A confidence interval of the certainty associated with the forecast of demand for the goods is determined based on the proposed price or promotion. The forecast of demand for the goods and confidence interval is provided to the commerce system to control the movement of goods based on the forecast of demand for the goods and confidence interval. The forecast and confidence interval can be graphically displayed.

System and method of using demand model to generate forecast and confidence interval for control of commerce system

A computer-implemented method estimates model parameters for a product. The method includes storing transaction data from customer sales in a database. The transaction data includes a product and a store. The database includes a hierarchical categorization of the products or the stores. The method includes generating a model for each product at each store in the database. The models include model parameters. The method includes aggregating first and second sets of model parameters from a first set of products occupying a first node of the hierarchical categorization and a second set of products occupying a second node of the hierarchical categorization, weighting the first and second sets of model parameters, and storing the average of the weighted first and second sets of model parameters in the database as the model parameters for a model of a product.

Growing community of inventors

Scottsdale, AZ, United States of America

Brent May