METHOD AND SYSTEM FOR FORMULATING BIDS FOR INTERNET ADVERTISING USING FORECAST DATA
First Claim
1. A computer-implemented method for formulating a bid on an advertising impression for an advertising campaign, the method comprising:
- receiving a budget parameter;
determining a campaign goal type, a campaign payment type, and a payment rate;
formulating a bid policy using the campaign goal type, the campaign payment type, the payment rate, and the budget parameter;
generating sampled impression data from the historical impression data;
generating forecast data using the sampled impression data;
generating at least one expected impression value using the sampled impression data and the forecast data;
generating a spend curve using the expected impression value, the bid policy, and the budget parameter; and
formulating the bid using the spend curve.
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Abstract
A system and method for formulating a bid on an impression for an Internet advertising campaign using market forecast data are provided. The system and method comprise determining a bid policy using an advertiser goal type, an advertiser payment type, and a budget parameter. Historical impression data pertaining to the advertising campaign is sampled using any applicable sampling technique. The sampled data is used to derive forecast data that predicts the future state of the market. The bid policy and the forecast data are used to derive a spend curve, from which an optimal bid is formulated that results in a proper and efficient allocation of the advertiser'"'"'s budget.
17 Citations
20 Claims
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1. A computer-implemented method for formulating a bid on an advertising impression for an advertising campaign, the method comprising:
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receiving a budget parameter; determining a campaign goal type, a campaign payment type, and a payment rate; formulating a bid policy using the campaign goal type, the campaign payment type, the payment rate, and the budget parameter; generating sampled impression data from the historical impression data; generating forecast data using the sampled impression data; generating at least one expected impression value using the sampled impression data and the forecast data; generating a spend curve using the expected impression value, the bid policy, and the budget parameter; and formulating the bid using the spend curve. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A computer readable medium that stores a set of instructions which, when executed by a computer, cause the computer to execute steps for formulating a bid on an advertising impression for an advertising campaign, the steps comprising:
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receiving a budget parameter; determining a campaign goal type, a campaign payment type, and a payment rate; formulating a bid policy using the campaign goal type, the campaign payment type, the payment rate, and the budget parameter; generating sampled impression data from the historical impression data; generating forecast data using the sampled impression data; generating at least one expected impression value using the sampled impression data and the forecast data; generating a spend curve using the expected impression value, the bid policy, and the budget parameter; and formulating the bid using the spend curve. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification