DEMAND ESTIMATION USING AUCTION PRICE ANALYSIS

Patent №

US 7,076,459

Granted

2006-07-11

Filed 2001

Owner

HEWLETT-PACKARD COMPANY

Lab

AI components

1

planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

09813907

A method for generating a demand estimate for a product includes gathering a set of auction data which is relevant to the product, removing from the auction data all but a highest bid from each unique bidder in the auction data, and correcting a bias in the auction data caused by a set of characteristics of an auction from which the auction data is obtained. In one embodiment, the auction data is obtained from an on-line auction which is characterized by bidders not necessarily knowing the start time of the auction.

PlanningG06Q 30/08G06Q 30/06G06Q 40/00G06Q 40/04

AI classification

Planning0.94
Natural language0.20
Machine learning0.02
Knowledge representation0.02
Evolutionary computation0.00
Vision0.00
AI hardware0.00
Speech0.00

Ownership

HEWLETT-PACKARD COMPANY

assignment · 126700289

Assignors

ZHANG, ALEX, WARD, JULIE ANN, BEYER, DIRK M., LIU, TONGWEI

On an employer assignment, the assignors are typically the inventors.

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