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Predictive modeling of consumer financial behavior

  • US 6,430,539 B1
  • Filed: 05/06/1999
  • Issued: 08/06/2002
  • Est. Priority Date: 05/06/1999
  • Status: Active Grant
First Claim
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1. A method of predicting financial behavior of consumers, comprising:

  • generating from transaction data for a plurality of consumers, a date ordered sequence of transactions for each consumer;

    selecting for each consumer a set of the date ordered transactions to form a group of input transactions for the consumer; and

    for each consumer, applying the input transactions of the consumer to each of a plurality of merchant segment predictive models, each merchant segment predictive model defining for a group of merchants a prediction function between input transactions in a past time interval and predicted spending in a subsequent time interval, to produce for each consumer a predicted spending amount in each merchant segment.

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