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:
Oct. 29, 2013
Filed:
Aug. 24, 2012
Hyunyoung Choi, Mountain View, CA (US);
Robert on, Cupertino, CA (US);
Hal R. Varian, Danville, CA (US);
Hyunyoung Choi, Mountain View, CA (US);
Robert On, Cupertino, CA (US);
Hal R. Varian, Danville, CA (US);
Google Inc., Mountain View, CA (US);
Abstract
An e-commerce price index is constructed and maintained based on consumer actions in connection with one or more e-commerce websites. A data collector software module collects information regarding products sold or available for sale online, including a price and rate of clicks received for each product on the website(s). An index software module analyzes the collected information to construct the price index. Specifically, the index software module scrubs the collected information to remove outliers and fill in gaps and calculates a click-weighted average price by product category and day. The index module generates the price index by aggregating and normalizing the calculated click-weighted average prices. The index software module can compute the e-commerce price index on a virtually real-time basis. Thus, the e-commerce price index can provide useful information about online pricing trends far earlier than traditional indices.