Patent ID: 7805354
Filing Date: 2010-09-28
Classification: G06N,G06Q,G16H

Abstract:
1. A method, for use with a computer system having a processor, of predicting compensation data, the method comprising: obtaining and storing, in the computer system having a processor, compensation data, associated with a job category, with at least one datum being associated with each of a plurality of characteristics associated with the job category; determining values of factors, associated with respective ones of the characteristics, and a base value that, when used as operands of a function executed by the computer system having a processor, yield computer generated estimates of the obtained data such that relationships between the estimates and corresponding obtained compensation data satisfy at least one criterion; using a portion of the values of factors and the base value, by the computer system having a processor, to automatically obtain estimates of compensation data; deriving, using the computer system having a processor, reference data using the obtained compensation data and the values of factors; aggregating, using the computer system having a processor, the reference data to determine the base value; comparing, using the computer system having a processor, estimated compensation data with obtained compensation data of the same job and having the same associated characteristics as the estimated compensation data; adjusting the values of the factors as appropriate depending upon results of comparing the estimated and obtained compensation data; and repeating the deriving, aggregating, using, comparing, and adjusting until comparing the estimated and obtained compensation data satisfy the at least one criterion.