Invention Grant
- Patent Title: Method, apparatus, and computer program product for forecasting demand
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Application No.: US16855778Application Date: 2020-04-22
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Publication No.: US11379891B2Publication Date: 2022-07-05
- 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 ; G06N20/00 ; G06N5/02 ; G06N5/04 ; G06Q10/06 ; G06Q30/06 ; G06Q40/00 ; G06N20/10

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
- US20210357993A9 METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR FORECASTING DEMAND Public/Granted day:2021-11-18
Information query