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Automated event correlation to improve promotional testing

  • US 9,940,640 B2
  • Filed: 03/31/2014
  • Issued: 04/10/2018
  • Est. Priority Date: 03/13/2013
  • Status: Active Grant
First Claim
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1. A computer implemented promotion-optimization method that is performed by a promotion optimization system, containing a correlation engine, a promotion module, an administration module, a monitoring module, the method comprising:

  • extracting a plurality of covariants from data feeds, wherein the covariants include referring source, demographic information, search keywords, geographic information, and temporal information;

    generating a plurality of test promotions;

    administering the plurality of test promotions to a plurality of segmented subpopulations of consumers in a testing time period, wherein the testing time period includes concurrent testing of the plurality of test promotions;

    obtaining responses from said segmented subpopulations of consumers via a point of sales terminal, a website and a program;

    correlating the extracted covariants to inputs for the test promotions, wherein the correlating is a degree of attribution of experiment performance to the presence of a covariant, and wherein the correlating identifies a range of values for a particular covariant that correlates with experiment performance, and wherein the correlation derives covariant-experiment pairings;

    monitoring the covariant-experiment pairings over time for changes in test promotion results from extraneous events, wherein the extraneous events that impact the test promotions is defined as noise;

    attributing the noise to covariants based upon covariant-experiment pairing correlations;

    improving a signal-to-noise ratio for the responses by factoring out the impact of covariants associated with the extraneous events to generate corrected promotional results; and

    generating a general population promotion using the improved signal-to-noise ratio of the test promotion responses responsive to analysis of said corrected promotional results.

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