Systems and methods for forecasting discounts using crowd source information

• US 20160292702A1
• Filed: 03/07/2016
• Published: 10/06/2016
• Est. Priority Date: 12/12/2012
• Status: Abandoned Application

• Current Assignee: Intel Corporation
• Original Assignee: Intel Corporation
• Inventors: Poornachandran, Rajesh, Prakash, Gyan
• Application Number:
  US15/063,374
• Publication Number:
  US 20160292702A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 30/0202 Market predictions or forecasting for commercial activities
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates

Abstract

Systems and methods for forecasting discounts are described herein. In some embodiments, the systems and methods utilize marketplace information to calculate an initial probability that an item will be subject to a discount within a specified time period. The systems and methods may then utilize relevant crowd source information to weight the marketplace information and output a weighted probability of sale.

Claims

1-35. -35. (canceled)

36. A device to generate a forecast, comprising:

communications circuitry to interact via wired or wireless electronic communication;

physical programmable circuitry to execute program code to transform the physical programmable circuitry into circuitry configured to perform specialized operations; and

discount forecasting circuitry resulting from the physical programmable circuitry executing the program code, wherein the discount forecasting circuitry is to;

receive a forecast request via the communications circuitry, the forecast request identifying at least one item for purchase;

cause the communications circuitry to interact with at least one marketplace information source to aggregate marketplace information regarding the item;

cause the communication circuitry to interact with at least one crowd source information source to aggregate crowd source information regarding the item;

execute one or more forecasting operations; and

generate a probability of discount relevant to the at least one item.

37. The device of claim 36, wherein the forecast request is received from another device comprising at least processing circuitry to perform operations associated with a forecast initiation circuitry to cause the other device to provide a mechanism by which information relevant to the forecast request may be input by a user of the other device.

38. The device of claim 37, wherein the forecast initiation circuitry is further to cause the other device to provide a mechanism by which crowd source information is gathered from the user.

39. The device of claim 38, wherein the crowd source information comprises user feedback.

40. The device of claim 36, wherein the marketplace information comprises at least historical pricing information for the item.

41. The device of claim 36, wherein the at least one marketplace information source comprises at least one of public sources including at least one of advertising and reseller websites, and private sources including at least one of market research firms and market research databases.

42. The device of claim 36, wherein in interacting with the at least one marketplace information source the processing circuitry is to implement search programs to search the marketplace information on a network to which the device is coupled and on any resources connected to the network.

43. The device of claim 36, wherein the crowd source information comprises user experiences regarding at least one of shopping for, researching or attempting to purchase the item.

44. The device of claim 36, wherein in executing one or more forecasting operations the processing circuitry is to:

determine marketplace information factors based on the marketplace information; and

determine crowd source information factors based on the crowd sourced information.

45. The device of claim 44, wherein the processing circuitry is further to:

assign at least one of a weight to each marketplace information factor;

determine a score for each marketplace information factor;

determine an initial probability of discount based on the weights and scores of the marketplace information factors;

assign a weight to each crowd source information factor;

adjust at least one marketplace information factor score based on at least one relevant weighted crowd source information factor; and

determine the probability of discount based at least on the adjusted marketplace information factor scores.

46. The device of claim 36, wherein the processing circuitry is to cause the communications circuitry to transmit a signal comprising at least the probability of discount, the signal comprising a format for interpretation and display on a device that receives the signal.

47. A method for generating a forecast, comprising:

receiving a forecast request via communications circuitry in a device, the forecast request identifying at least one item for purchase;

causing the communications circuitry to interact with at least one marketplace information source to aggregate marketplace information regarding the item;

causing the communication circuitry to interact with at least one crowd source information source to aggregate crowd source information regarding the item;

causing processing circuitry also in the device to execute one or more forecasting operations; and

causing the processing circuitry to generate a probability of discount relevant to the at least one item.

48. The method of claim 47, wherein the at least one marketplace information source comprises at least one of public sources including at least one of advertising and reseller websites, and private sources including at least one of market research firms and market research databases.

49. The method of claim 47, wherein interacting with the at least one marketplace information source comprises causing the processing circuitry to implement search programs to search the marketplace information on a network to which the device is coupled and on any resources connected to the network.

50. The method of claim 47, wherein the crowd source information comprises user experiences regarding at least one of shopping for, researching or attempting to purchase the item.

51. The method of claim 47, wherein executing one or more forecasting operations comprises:

causing the processing circuitry to determine marketplace information factors based on the marketplace information; and

causing the processing circuitry to determine crowd source information factors based on the crowd sourced information.

52. The method of claim 51, further comprising:

causing the processing circuitry to assign at least one of a weight to each marketplace information factor;

causing the processing circuitry to determine a score for each marketplace information factor;

causing the processing circuitry to determine an initial probability of discount based on the weights and scores of the marketplace information factors;

causing the processing circuitry to assign a weight to each crowd source information factor;

causing the processing circuitry to adjust at least one marketplace information factor score based on at least one relevant weighted crowd source information factor; and

causing the processing circuitry to determine the probability of discount based at least on the adjusted marketplace information factor scores.

53. The method of claim 47, further comprising:

causing the communications circuitry to transmit a signal comprising at least the probability of discount, the signal comprising a format for interpretation and display on a device that receives the signal.

54. At least one computer-readable storage medium having stored thereon, individually or in combination, instructions for generating a forecast that, when executed by one or more processors, cause the one or more processors to:

receive a forecast request via communications circuitry in a device, the forecast request identifying at least one item for purchase;

cause the communications circuitry to interact with at least one marketplace information source to aggregate marketplace information regarding the item;

cause the communication circuitry to interact with at least one crowd source information source to aggregate crowd source information regarding the item;

execute one or more forecasting operations; and

generate a probability of discount relevant to the at least one item.

55. The storage medium of claim 54, wherein the at least one marketplace information source comprises at least one of public sources including at least one of advertising and reseller websites, and private sources including at least one of market research firms and market research databases.

56. The storage medium claim 54, wherein the instructions to interact with the at least one marketplace information source comprise instructions to implement search programs to search the marketplace information on a network to which the device is coupled and on any resources connected to the network.

57. The storage medium of claim 54, wherein the crowd source information comprises user experiences regarding at least one of shopping for, researching or attempting to purchase the item.

58. The storage medium of claim 54, wherein the instructions to execute one or more forecasting operations comprises instructions to:

determine marketplace information factors based on the marketplace information; and

determine crowd source information factors based on the crowd sourced information.

59. The storage medium of claim 58, further comprising instructions that, when executed by one or more processors, cause the one or more processors to:

assign at least one of a weight to each marketplace information factor;

determine a score for each marketplace information factor;

determine an initial probability of discount based on the weights and scores of the marketplace information factors;

assign a weight to each crowd source information factor;

adjust at least one marketplace information factor score based on at least one relevant weighted crowd source information factor; and

determine the probability of discount based at least on the adjusted marketplace information factor scores.

60. The storage medium of claim 54, further comprising instructions that, when executed by one or more processors, cause the one or more processors to:

transmit a signal comprising at least the probability of discount, the signal comprising a format for interpretation and display on a device that receives the signal.