Price Indexing
First Claim
1. A computer-based method comprisingrepresenting transactions involving assets that share a common characteristic, as respective data points associated with values of the assets, the data points including transaction value information, the data points belonging to sets associated with respective geographical areas,aggregating data points of at least two of the sets into a superset representing transactions of a larger geographical regionrepresenting a hypothetical probability density function by a parametrization that describes the data points of the superset, andforming an index of values associated with the assets using at least one of the determined parameters.
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Accused Products
Abstract
Transactions involving assets that share a common characteristic are represented as respective data points associated with values of the assets. The data points include transaction value information. The data points belong to sets associated with respective geographical areas. Data points of at least two of the sets are aggregated into a superset representing transactions of a larger geographical region. A hypothetical probability density function is represented by a parametrization that describes the data points of the superset. An index is formed of values associated with the assets using at least one of the determined parameters.
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Citations
13 Claims
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1. A computer-based method comprising
representing transactions involving assets that share a common characteristic, as respective data points associated with values of the assets, the data points including transaction value information, the data points belonging to sets associated with respective geographical areas, aggregating data points of at least two of the sets into a superset representing transactions of a larger geographical region representing a hypothetical probability density function by a parametrization that describes the data points of the superset, and forming an index of values associated with the assets using at least one of the determined parameters.
Specification