Patent ID: 7752119
Filing Date: 2010-07-06
Classification: G06Q

Abstract:
1. A method for auction result prediction, the method comprising: obtaining a participant specified characteristic for a first auction item; obtaining historical auction data; providing the participant specified characteristic and the historical auction data to a result prediction program executing on a computer; determining, by a processor in the computer that executes the result prediction program, a predicted auction result comprising multiple end-of-auction price thresholds, associated price threshold confidence measures that specify confidences for the end-of-auction price thresholds, and associated result indicators that specify predicted selling results for the first auction item; providing, by the computer, the multiple end-of-auction price thresholds, the price threshold confidence measures, and the result indicators to a result selector; and receiving from the result selector a result prediction determined from the multiple end-of-auction price thresholds, the price threshold confidence measures, and the result indicators.