SYSTEM AND METHOD FOR SEARCHING DATABASES WITH APPLICATIONS SUCH AS PEER GROUPS, COLLABORATIVE FILTERING, AND E-COMMERCE

A method of analyzing information in the form of a plurality of data records. Each data record includes one or more data values. The data values are partitioned into a plurality of data signatures. Data values of data signatures are compared to data values of data records. Based on the result of the comparison an index is associated with each data record. A bound corresponding to the index is calculated based on a user defined target value and an objective function. If desired, information may be analyzed for finding peer groups in e-commerce applications.