Patent ID: 7324955
Filing Date: 2008-01-29
Classification: G06Q

Abstract:
1. A computer-implemented system for generating a sales volume forecast, the system comprising one or more computer systems operable to: receive user input specifying a hypothetical asking price and a future date; for each of a plurality of past time periods, access historical data reflecting a sales volume for an item over the past time period and a corresponding price difference between an asking price and a coinciding market price for the item, the price difference also being associated with the past time period; determine a historical correlation for the item between sales volume and price difference between asking price and coinciding market price; access market data reflecting a future market price for the item, the future market price being associated with the specified future date; determine a price difference between the specified hypothetical asking price and the future market price for the item; apply the determined historical correlation to the determined price difference to generate a sales volume forecast; and provide the generated sales volume forecast for access by a user.