Patent ID: 11915275
Assignee: CAPITAL ONE SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A computer-implemented method, comprising:
receiving a request for a value of a target vehicle over a lifetime of the target vehicle, wherein the request includes input data associated with at least a user associated with the request, including driver data of the user and a geographic location of the user, and the target vehicle;
determining a depreciation rate based on third-party transaction data retrieved from one or more databases in accordance with the input data associated with the target vehicle;
determining a decommission rate based on third-party ownership data retrieved from the one or more databases in accordance with the input data associated with the target vehicle;
determining a deterioration rate based on local environmental data retrieved from the one or more databases in accordance with the input data associated with the geographic location of the user;
determining, using a regression model, the value of the target vehicle over the lifetime of the target vehicle based on a plurality of variables including the input data, the depreciation rate, the decommission rate, and the deterioration rate, wherein the value is specific to the user associated with the request based on the use of the input data associated with the user in the determination, and wherein the regression model is built on test data from previously executed requests for values of target vehicles and includes a base logarithmic model having a plurality of weighted factors associated with the plurality of variables;
providing the value in response to the request; determining a duration between periodic queries of the one or more databases to determine whether additional data, including additional third-party transaction data, additional third-party ownership data, or additional local environmental data, is stored in the one or more databases, wherein the duration is determined as a function of one or more characteristics of one or more of the target vehicle, the user, and the geographic location that are indicative of data stability;
periodically querying the one or more databases in accordance with the duration;
in response to determining additional data is stored in the one or more databases based on the periodic querying, retrieving the additional data from the one or more databases, updating one or more of the depreciation rate, the decommission rate, and the deterioration rate based on the additional data, and modifying the regression model based on the updated one or more of the depreciation rate, the decommission rate, and the deterioration rate, wherein modifying the regression model further includes building a subsequent iteration of the base logarithmic model; and
providing an updated value of the target vehicle determined by the modified regression model as an updated response to the request.