METHODS AND APPARATUS TO PREDICT DEMAND FOR A PRODUCT OR SERVICE
First Claim
Patent Images
1. A method of predicting demand, comprising:
- receiving information defining a contingent event and a plurality of contingent event certificates associated with said contingent events;
facilitating transactions associating the plurality of contingent event certificates with a plurality of holders to produce market data indicative of demand for said contingent event;
selecting to produce at least one of a product or service based on the produced market data;
supplying each of a first subset of holders of contingent event certificates at least one of a product and a service associated with the contingent event certificate.
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Abstract
Methods and apparatus to predict demand for a product or service (e.g., music concerts, toys, etc.) are disclosed. A futures market is opened for the particular good or service, and market data is generated. The producer of the product or service makes a production decision based on that market data.
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Citations
46 Claims
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1. A method of predicting demand, comprising:
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receiving information defining a contingent event and a plurality of contingent event certificates associated with said contingent events;
facilitating transactions associating the plurality of contingent event certificates with a plurality of holders to produce market data indicative of demand for said contingent event;
selecting to produce at least one of a product or service based on the produced market data;
supplying each of a first subset of holders of contingent event certificates at least one of a product and a service associated with the contingent event certificate. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. The method of predicting demand, comprising:
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receiving information from at least one registered user establishing a contingent event;
facilitating transactions associating the plurality of contingent event certificates with a plurality of holders to produce market data indicative of demand for said contingent event;
selecting to produce at least one of a product or service based on the produced market data;
supplying each of a first subset of holders of contingent event certificates at least one of a product and a service associated with the contingent event certificate. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. An apparatus for predicting demand, comprising:
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means for receiving information defining a contingent event and a plurality of contingent event certificates associated with said contingent events;
means for facilitating transactions associating the plurality of contingent event certificates with a plurality of holders to produce market data indicative of demand for said contingent event;
means for selecting to produce at least one of a product or service based on the produced market data;
means for supplying each of a first subset of holders of contingent event certificates at least one of a product and a service associated with the contingent event certificate. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33)
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34. A method of predicting demand, comprising:
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receiving information from at least one registered user establishing an event;
facilitating transactions associating the plurality of contingent event certificates with a plurality of holders to produce market data indicative of demand for said contingent event;
selecting to produce at least one of a product or service based on the produced market data;
supplying each of a first subset of holders of contingent event certificates at least one of a product and a service associated with the contingent event certificate. - View Dependent Claims (35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46)
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Specification