Invention Grant
- Patent Title: Method, apparatus, and computer program product for forecasting demand
-
Application No.: US15953635Application Date: 2018-04-16
-
Publication No.: US10657567B2Publication Date: 2020-05-19
- Inventor: Shafiq Shariff , Rajesh Parekh , Bob Beaty , Feili Hou
- Applicant: Groupon, Inc.
- Applicant Address: US IL Chicago
- Assignee: Groupon, Inc.
- Current Assignee: Groupon, Inc.
- Current Assignee Address: US IL Chicago
- Agency: Alston & Bird LLP
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06Q10/06

Abstract:
Provided herein are systems, methods and computer readable media for forecasting demand. An example method comprises generating a virtual offer for one or more combinations of a category or sub-category, location, and price range, accessing consumer data comprising one or more users and user data related to each of the one or more users, calculating a probability that a particular user would buy a particular offer in a particular time frame for at least a portion of the plurality of users and for each of the virtual offers, and determining an estimated number of units of to be sold for at least a portion of the one or more virtual offers as a function of at least the probability associated with each of the one or more virtual offers.
Public/Granted literature
- US20180365716A1 METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR FORECASTING DEMAND Public/Granted day:2018-12-20
Information query