Patent Document ID: 8010404
Application ID: 11933395
Patent Flag: 1

Claim One:
1. A computer implemented method for generating response data for a plurality of products to changes in at least one of pricing and promotions, useful in conjunction with a price optimization system, the method comprising: setting configuration of a response report where the configuration includes price change and promotion change intervals, and wherein the response report includes the response data; receiving modeling data for the plurality of products; generating forecasts, using a computer processor, for the sales of the products for the price change and promotion change intervals; generating confidence matrices, where the confidence matrices reflect accuracy of the generated forecasts, and wherein the confidence matrices includes calculating minimum and maximum price change, number of price changes, number of price changes in a demand group, and frequency of promotions; and generating the response report by collecting the forecasts and the confidence matrices according to the set configuration of the response report.