Predictive modeling of consumer financial behavior using supervised segmentation and nearest-neighbor matching
First Claim
1. A method of predicting financial behavior of consumers, comprising:
- obtaining a set of input transactions for a plurality of consumers with respect to a plurality of merchants;
defining at least one merchant segment, each merchant being associated with at least one of the defined merchant segments; and
for at least one consumer, applying the input transactions of the consumer by a computer to each of at least one merchant segment predictive model, each merchant segment predictive model defining for a merchant segment a prediction function between input transactions in a past time interval and financial behavior in a subsequent time interval, to produce for each consumer a predicted behavior in each of at least a subset of the merchant segments.
7 Assignments
0 Petitions
Accused Products
Abstract
Predictive modeling of consumer financial behavior, including determination of likely responses to particular marketing efforts, is provided by application of consumer transaction data to predictive models associated with merchant segments. The merchant segments are derived from the consumer transaction data based on co-occurrences of merchants in sequences of transactions. Merchant vectors represent specific merchants, and are aligned in a vector space as a function of the degree to which the merchants co-occur more or less frequently than expected. Consumer vectors are developed within the vector space, to represent interests of particular consumers by virtue of relative vector positions of consumer and merchant vectors. Various techniques, including clustering, supervised segmentation, and nearest-neighbor analysis, are applied separately or in combination to generate improved predictions of consumer behavior.
-
Citations
56 Claims
-
1. A method of predicting financial behavior of consumers, comprising:
-
obtaining a set of input transactions for a plurality of consumers with respect to a plurality of merchants;
defining at least one merchant segment, each merchant being associated with at least one of the defined merchant segments; and
for at least one consumer, applying the input transactions of the consumer by a computer to each of at least one merchant segment predictive model, each merchant segment predictive model defining for a merchant segment a prediction function between input transactions in a past time interval and financial behavior in a subsequent time interval, to produce for each consumer a predicted behavior in each of at least a subset of the merchant segments. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
-
-
26. A system for predicting financial behavior of consumers, comprising:
-
a database for storing a set of input transactions for a plurality of consumers with respect to a plurality of merchants;
at least one merchant segment, each merchant being associated with at least one of the defined merchant segments;
at least one merchant segment predictive model, for defining for a merchant segment a prediction function between input transactions in a past time interval and financial behavior in a subsequent time interval, to produce for each consumer a predicted behavior in each of at least a subset of the merchant segments. - View Dependent Claims (27, 28, 29, 30, 31)
-
-
32. A computer-readable medium comprising computer-readable code for predicting financial behavior of consumers, the computer-readable medium comprising:
-
computer-readable code adapted to obtain a set of input transactions for a plurality of consumers with respect to a plurality of merchants;
computer-readable code adapted to define at least one merchant segment, each merchant being associated with at least one of the defined merchant segments; and
computer-readable code adapted to, for at least one consumer, apply the input transactions of the consumer to each of at least one merchant segment predictive model, each merchant segment predictive model defining for a merchant segment a prediction function between input transactions in a past time interval and financial behavior in a subsequent time interval, to produce for each consumer a predicted behavior in each of at least a subset of the merchant segments. - View Dependent Claims (33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56)
-
Specification