METHOD AND SYSTEM FOR PARKING RATE ESTIMATION BASED ON GEOLOCATION AND PAYMENT HISTORY

METHOD AND SYSTEM FOR PARKING RATE ESTIMATION BASED ON GEOLOCATION AND PAYMENT HISTORY

A method for estimation of parking rates based on location and transaction data includes: storing transaction data entries, each including a geographic location or merchant identifier and transaction amount; storing location data entries, each including a geographic location and a length of time; id...

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Bibliographische Detailangaben
Hauptverfasser: RECRIWAL, Adarsh Kumar, GUPTA, Pulkit, TANEJA, Nidhi
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC DIGITAL DATA PROCESSING
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A method for estimation of parking rates based on location and transaction data includes: storing transaction data entries, each including a geographic location or merchant identifier and transaction amount; storing location data entries, each including a geographic location and a length of time; identifying a subset of transaction data entries where the included geographic location or merchant identifier are associated with a parking area; identifying a subset of location data entries where the included geographic location is included in a predefined geographic area associated with the parking area; identifying an average parking time based on the length of time in each location data entry of the subset; identifying an average cost amount based on the transaction amount included in each transaction data entry of the subset; and identifying an estimated parking rate for the parking area based on the average parking time and cost.