The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 19, 2023
Filed:
Nov. 15, 2021
Genpact Luxembourg S.à R.l. Ii, Luxembourg, LU;
David I. Hauser, Merrick, NY (US);
Genpact Luxembourg S.à r.l. II, Luxembourg, LU;
Abstract
A method for predicting, assessing, and auditing prices of products or services is provided. In some embodiments, the method includes receiving a product description with one or more terms and obtaining a product list with product descriptions having respective prices, where each product description in the product list includes the one or more terms or combinations thereof from the received product description. The method further includes, training a model to determine how the one or more terms or combinations thereof influence the prices in the product list, using the trained model to make a price prediction for the received product description, and enabling assessment of product prices based on the price prediction made by the trained model.