Patent ID: 8676717
Filing Date: 2014-03-18
Classification: G06Q

Abstract:
1. A computer-implemented method for reducing a renege rate of an application, the computer including a processor and memory and the method comprising steps performed by the computer of: collecting and storing renege data, by the processor, from a plurality of reneges; determining, by the processor, one or more renege factors based on an analysis of the renege data; collecting, by the processor, candidate data related to the renege factors, the candidate data being related to a candidate; determining, by the processor, a weight for each of the renege factors based on a frequency of the renege factor in the renege data; determining, by the processor, a rating for the renege factors based on a relationship between each of the renege factors, the relationship indicating the relative significance of each renege factor relative to the other renege factors; assigning, by the processor, a renege index value to each of the renege factors by aggregating the rating and weight; and estimating, by the processor, the propensity of the candidate to renege using a statistical comparison of the candidate data and the stored renege data; and revising, by the processor, the renege factors based on the statistical comparison.