Patent ID: 8090614

Claim:
A system for generating a sales volume forecast, the system comprising: one or more computer systems comprising a processor and a memory, each of the one or more computer systems configured to: access historical data reflecting a sales volume for one or more items and a first price difference between an asking price and a market price for the one or more items; determine a historical correlation for each of the one or more items between the sales volume and the first price difference; access a second price difference between an asking price and a market price for each of the one or more items; apply the determined historical correlation to the second price difference to generate a sales volume forecast for each of the one or more items; and store the generated sales volume forecast for each of the one or more items, wherein an asking price comprises at least one of an average asking price over a period of time, an average asking price across a number of different markets or a price asked for one or more items by an enterprise.