System and method for providing information on market pricing

• US 20010032116A1
• Filed: 02/12/2001
• Published: 10/18/2001
• Est. Priority Date: 02/11/2000
• Status: Abandoned Application

• Current Assignee: Income Dynamics, Inc. (Intuit, Inc.)
• Original Assignee: Income Dynamics, Inc. (Intuit, Inc.)
• Inventors: Hyatt, Geoffrey
• Application Number:
  US09/781,805
• Publication Number:
  US 20010032116A1
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

Methods and systems for generating and providing information representative of market pricing for products and services, and in particular to systems and methods that provide buyers and sellers information representative of the current market value for a product, including a new and used product.

Claims

1. A system for providing pricing information, comprising:

indexing process for collecting data from a plurality of sources, the data being representative of market transactions, information about the item and price of the transaction, and for identifying and grouping market transaction information for similar items, and

a statistical pricing process for processing transaction information grouped market transactions, to thereby provide pricing information for transactions involving similar items.

2. The system of

claim 1

, further comprising a process for determining and displaying the change in price over time for the item.

3. The system of

claim 2

, wherein the change over time is given as a percentage of change is price or as an absolute price.

4. The system of

claim 1

including a process for providing a list of transactions.

5. The system of

claim 1

, including a process for graphically displaying price points of transactions over time.

6. The system of

claim 1

, further comprising a process for allowing a user to specify attributes of products from a list of possibilities for such attributes.

7. A process for determining and presenting transactions selected for the group consisting of, most common, typical, standard deviation.

8. A process for showing summary fair market cost as acceptable.

9. A process for comparing the fair market value to current retail value, including retail value at other sites.

10. A process for determining information of fair market value for display on another site, wherein products of interest on that site have fair market value displayed.

11. A taxonomy developed for passing transaction information and for comparing transaction information across different sites.