METHOD AND SYSTEM FOR PREDICTING PARKING SPACE AVAILABILITY USING MULTI-FACTOR ANALYTICS

A method for predicting parking space availability using normalized data includes: storing a number of parking spaces for each of a plurality of geographic areas; storing a number of payment transactions for each geographic area processed during a related period of time; receiving an availability re...

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Bibliographische Detailangaben
Hauptverfasser:	SHARMA, Prashant, TIWAREE, Prashanna S, BHATTACHARJEE, Manash
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING CHECKING-DEVICES COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES FARE-REGISTERING APPARATUS FRANKING APPARATUS PHYSICS SIGNALLING SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR TICKET-ISSUING APPARATUS TRAFFIC CONTROL SYSTEMS
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Beschreibung
Zusammenfassung:	A method for predicting parking space availability using normalized data includes: storing a number of parking spaces for each of a plurality of geographic areas; storing a number of payment transactions for each geographic area processed during a related period of time; receiving an availability request a specific period of time; normalizing parking spot availability for each geographic area based on the associated number of parking spaces and an average number of parking spaces for the geographic areas; normalizing the number of payment transactions for each geographic area based on the number of transactions processed during the specific period of time and the number of transactions processed during a corresponding period of time; calculating a composite score for each geographic area based on the associated normalized parking spot availability and transaction frequency; and transmitting the calculated composite score for each geographic area in response to the received availability request.