FORECASTING FOR RETAIL CUSTOMERS
First Claim
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1. A method, comprising:
- accessing, from a database, retail data for past purchases of a customer at a retail entity; and
generating, using a processor on a computer, at least one purchase forecasting model for a specific product for said customer.
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Abstract
A method and system for retail forecasting includes accessing, from a database, retail data for past purchases of a customer at a retail entity and contextual data and generating, using a processor on a computer, at least one purchase forecasting model for a specific product for the customer.
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Citations
20 Claims
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1. A method, comprising:
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accessing, from a database, retail data for past purchases of a customer at a retail entity; and generating, using a processor on a computer, at least one purchase forecasting model for a specific product for said customer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method, comprising:
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accessing, from a database, retail data for past purchases of at least one customer at a retail entity; accessing contextual information associated with each said at least one customer, said contextual information comprising data affecting purchases at said retail entity; and generating, using a processor on a computer, at least one purchase forecasting model for a specific product or product category for each said at least one customer, using said past purchase retail data and said contextual information. - View Dependent Claims (16, 17, 18)
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19. A system, comprising:
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a database storing customer data, retail information, and contextual information relating to a store location and customers making purchases at said store location, said contextual information comprising at least one of; information reflecting conditions or events that influence retail purchases at said store location; and information of a personal nature associated with each of said customers making purchases at said store location and that provides a profile of personal aspects that influence retail purchases at the store location; and a processor configured to access data from the database, to analyze the data, to generate a forecast for each specific customer, and to generate an expected value over a time period for each specific customer based on the customer'"'"'s forecast. - View Dependent Claims (20)
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Specification