Patent ID: 8140381
Filing Date: 2012-03-20
Classification: G06Q

Abstract:
1. A computer implemented method for merchandising decomposition analysis, useful in association with stores, the method comprising: setting initial prices of products, wherein the products are products sold by the stores; compiling initial point of sales data from the stores; generating demand forecast model for product sales of products using the initial point of sales data; optimizing prices using the demand forecast model; generating a profit and sales lift prediction based upon the optimized prices; resetting prices of the products to the optimized prices; collecting subsequent point of sales data from the stores, wherein the subsequent point of sales data reflects transactions that include the optimized prices; generating, using a processor, back-casts of volume, revenue and profit by applying causal data in the subsequent point of sales data to equations of the demand forecast model, wherein the back-casts predict volume, revenue and profits had the product maintained the initial prices adjusting the back-casts to account for effects unknown when the profit and sales lift prediction was generated; comparing the adjusted back-casts to the profit and sales lift prediction to generate a benefits analysis, wherein the benefits analysis includes a differential benefits analysis comprising the steps of: displaying the generated benefit analysis.