DEMAND PREDICTION FOR TIME-EXPIRING INVENTORY

This disclosure includes methods for predicting demand based on the price of a time-expiring inventory. An online system provides a connection between a manager of a time-expiring inventory and a plurality of clients. The online system provides a listing for the manager's time-expiring inventor...

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Bibliographische Detailangaben
Hauptverfasser:	IFRACH, Bar, ZHANG, Li, HOLTZ, David, Michael, YEE, Yangli, Hector
Format:	Patent
Sprache:	eng ; fre ; ger
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:	This disclosure includes methods for predicting demand based on the price of a time-expiring inventory. An online system provides a connection between a manager of a time-expiring inventory and a plurality of clients. The online system provides a listing for the manager's time-expiring inventory to clients on the online system. The manager specifies the price of the time-expiring inventory in the listing. A demand function predicts the demand for the time-expiring inventory based on features of the listing and the time-expiring inventory. The online system determines a likelihood of receiving a request for the time-expiring inventory from a client on the online system based on the predicted demand. The online system may use the determined likelihoods to provide to the manager information about how changes in the price of the listing are likely to affect the demand for the time-expiring inventory.