Estimating business targets
AssigneeVerizon Laboratories Inc.
InventorsPiew Datta, James H. Drew
Life of this patent
Estimating the term…
Abstract
A method for generating business targets includes accessing data (300) corresponding to a number of customers. The data includes variables (310-330) associated with each of the customers and an observed value for each of the customers. The observed value for a customer may represent revenue associated with that particular customer. The method also includes identifying a neighborhood that includes a first customer and a number of the other customers. The method further includes calculating a target for each of the customers in the neighborhood, where the target may represent the potential revenue from each of the customers.
Claims9
1-35. (canceled)
A computerized method for setting a maximal customer-spending potential-target, said method comprising:
- establishing a database of customers;
- establishing criteria for judging similarity amongst said customers;
- establishing, for each one of said customers, a threshold of said similarity wherein each customer in a subset of said customers meets a common threshold of similarity;
- computing, for said each said customer in said subset, an exponential parameter (λ) from said subset of said customers to provide an accurate measure of spending potential for said each said customer in said subset;
- and
- visually displaying, or storing, said accurate measure of said spending potential for a user of said accurate measure of said spending potential.
A computer readable medium, excluding carrier waves, containing instructions for controlling at least one processor to perform a method for setting a maximal customer-spending potential-target, said method comprising:
- establishing a database of customers;
- establishing criteria for judging similarity amongst said customers;
- establishing, for each one of said customers, a threshold of said similarity wherein each customer in a subset of said customers meets a common threshold of similarity;
- computing, for said each said customer in said subset, an exponential parameter (λ) from said subset of said customers to provide an accurate measure of spending potential for said each said customer in said subset;
- and
- visually displaying, or storing, said accurate measure of said spending potential for a user of said accurate measure of said spending potential.
Dependencies are inferred from the claim text.