System and method for probate prediction
First Claim
1. A computer assisted method comprising:
- selecting a sample of accounts from a historical database of accounts corresponding to deceased debtors, the sample indicating whether or not an estate was found for each deceased debtor;
obtaining a comprehensive set of credit related variables corresponding to the accounts from a first source;
obtaining a comprehensive set of demographic related variables corresponding to the accounts from a second source;
obtaining individual characteristic variables for each deceased debtor;
mapping the credit related variables, demographic related variables, and the individual characteristic variable variables to the accounts via the computer; and
creating a computer executable model via the computer by identifying a subset of variables from the sets of variables and using the subset of variables and sample of accounts such that the model provides a prediction of whether or not an estate exists for a given deceased debtor.
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0 Petitions
Accused Products
Abstract
A computer assisted method includes selecting a sample of accounts from a historical database of accounts corresponding to deceased debtors, The sample indicates whether or not an estate was found for each deceased debtor. A comprehensive set of credit related variables corresponding to the accounts is obtained from a first source. A comprehensive set of demographic related variables corresponding to the accounts is obtained from a second source. The variables are mapped to the accounts and a computer executable model is created by identifying a subset of variables from the sets of variables and using the subset of variables and sample of accounts such that the model provides a prediction of whether or not an estate exists for a given deceased debtor.
14 Citations
20 Claims
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1. A computer assisted method comprising:
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selecting a sample of accounts from a historical database of accounts corresponding to deceased debtors, the sample indicating whether or not an estate was found for each deceased debtor; obtaining a comprehensive set of credit related variables corresponding to the accounts from a first source; obtaining a comprehensive set of demographic related variables corresponding to the accounts from a second source; obtaining individual characteristic variables for each deceased debtor; mapping the credit related variables, demographic related variables, and the individual characteristic variable variables to the accounts via the computer; and creating a computer executable model via the computer by identifying a subset of variables from the sets of variables and using the subset of variables and sample of accounts such that the model provides a prediction of whether or not an estate exists for a given deceased debtor. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A computer executable model stored on a computer readable storage device, the model comprising:
a set of variables selected from credit and demographic data sources, the variables selected from a method comprising; selecting a sample of accounts from a historical database of accounts corresponding to deceased debtors, the sample indicating whether or not an estate was found for each deceased debtor; obtaining a comprehensive set of credit related variables corresponding to the accounts from a first source; obtaining a comprehensive set of demographic related variables corresponding to the accounts from a second source; mapping the sets of variables to the accounts; and creating a computer executable model by identifying a subset of variables from the sets of variables and using the subset of variables and sample of accounts such that the model provides a prediction of whether or not an estate exists for a given deceased debtor. - View Dependent Claims (17)
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18. A computer implemented method comprising:
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associating credit and demographic data corresponding to a deceased debtor to a deceased debtor account stored on a computer readable storage device; running on a programmed computer, a statistical model trained on historical deceased debtor data against the deceased debtor account; and identifying via the programmed computer, a likelihood that there is an estate corresponding to the deceased debtor account. - View Dependent Claims (19, 20)
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Specification