Price Indexing
OwnerMarios A. Kagarlis, Thomas S. Fiddamaninventors
Life of this patent
Estimating the term…
Abstract
Transactions involving assets that share a common characteristic are represented as respective data points associated with values of the assets. The data points include transaction value information. The data points belong to sets associated with respective geographical areas. Data points of at least two of the sets are aggregated into a superset representing transactions of a larger geographical region. A hypothetical probability density function is represented by a parametrization that describes the data points of the superset. An index is formed of values associated with the assets using at least one of the determined parameters.
Claims13
A computer-based method comprising
- representing transactions involving assets that share a common characteristic, as respective data points associated with values of the assets, the data points including transaction value information, the data points belonging to sets associated with respective geographical areas,
- aggregating data points of at least two of the sets into a superset representing transactions of a larger geographical region
- representing a hypothetical probability density function by a parametrization that describes the data points of the superset, and
- forming an index of values associated with the assets using at least one of the determined parameters.
Dependencies are inferred from the claim text.