Invention Grant
- Patent Title: Method, apparatus, and computer program product for forecasting demand using real time demand
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Application No.: US15997921Application Date: 2018-06-05
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Publication No.: US10685362B2Publication Date: 2020-06-16
- Inventor: Shafiq Shariff , Derek Nordquist
- 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 ; G06F16/00 ; G06F16/248 ; G06Q10/04

Abstract:
Provided herein are systems, methods and computer readable media for managing a sales pipeline, and in some embodiments, generating demand based on real time demand and predicted demand. An example method comprises generating a virtual promotion, wherein the virtual promotion comprises a combination of a category or sub-category, a location, and a price range, calculating a probability that a particular consumer would buy the virtual offer in a predetermined time period, wherein the probability is generated at least based on historical data related to the particular consumer and one or more related consumers, determining an estimated number of units to be sold for the virtual offer as a function of at least the probability, the estimated number of units representing a predicted demand, calculating a real time demand, wherein the real time demand is generated based on a plurality of generated identification pairs for the predetermined time period, and determining, using a processor, total demand by summing the predicted demand and the real time demand.
Public/Granted literature
- US20190012682A1 METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR FORECASTING DEMAND USING REAL TIME DEMAND Public/Granted day:2019-01-10
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