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:
Feb. 26, 2008
Filed:
Oct. 19, 2000
M. Chapman Findlay, Iii, Los Angeles, CA (US);
G. Michael Phillips, Pasadena, CA (US);
William P. Jennings, Simi Valley, CA (US);
Mark E. Rice, Pasadena, CA (US);
Stephen A. Klein, Pasadena, CA (US);
M. Chapman Findlay, III, Los Angeles, CA (US);
G. Michael Phillips, Pasadena, CA (US);
William P. Jennings, Simi Valley, CA (US);
Mark E. Rice, Pasadena, CA (US);
Stephen A. Klein, Pasadena, CA (US);
c4cast.com, Inc., Pasadena, CA (US);
Abstract
Provided is a technique forecasting the direction in which the price of an asset will move by identifying a group of exogenous variables that are likely to influence observed prices of an asset. Then, historical data for values of the exogenous variables and historical data for the observed prices of the asset over a time period are processed to obtain a formula for calculating price estimates for the asset as a function of the exogenous variables. The formula is calculated using an input set of observed values for the exogenous variables at given point in time, so as to obtain a price estimate for the asset at the given point in time. Then, a similarity measure is determined by comparing the price estimate for the asset at the given point in time to the observed price for the asset at the given point in time. Finally, a direction in which the observed price of the asset will move is forecast based on the similarity measure.