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. 14, 2012
Filed:
Jul. 02, 2009
Brent May, Scottsdale, AZ (US);
William M. Chimitt, Jr., Scottsdale, AZ (US);
Yetkin Ileri, Scottsdale, AZ (US);
Jeffrey D. Moore, Phoenix, AZ (US);
Adam Rosenberg, Scottsdale, AZ (US);
Brent May, Scottsdale, AZ (US);
William M. Chimitt, Jr., Scottsdale, AZ (US);
Yetkin Ileri, Scottsdale, AZ (US);
Jeffrey D. Moore, Phoenix, AZ (US);
Adam Rosenberg, Scottsdale, AZ (US);
SAP AG, Walldorf, DE;
Abstract
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.