Commerce System and Method of Learning Consumer Behavior Based on Prior and Current Transactions
AssigneeFractal Analytics, Inc.
InventorsPrashant Warier, Omkar Pandit, Srikanth Velamakanni, Natwar Mall
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AssigneeFractal Analytics, Inc.
InventorsPrashant Warier, Omkar Pandit, Srikanth Velamakanni, Natwar Mall
Estimating the term…
A commerce system involves purchase transactions between retailers and consumers. The purchase transaction includes products associated by a common product type. A plurality of classifications is defined based on an attribute of the products within the common product type. Transaction probabilities for each classification are determined based on a prior transaction probability and transaction weight for each product. A consumer probability associated with each classification is revised based on a prior consumer probability and the transaction probabilities. The consumer probability indicates a likelihood of a consumer purchasing a product having the attribute associated with the classification. A product probability associated with each classification is revised based on a prior transaction probability, consumer probability, and product weight. The product probability indicates a likelihood of a product having the attribute associated with the classification. Transactions within the commerce system are controlled based on the consumer probability and product probability.
A method of controlling a commerce system, comprising:
A method of controlling a commerce system, comprising:
A method of controlling a commerce system, comprising:
A computer program product usable with a programmable computer processor having a computer readable program code embodied in a computer usable medium for controlling a commerce system, comprising:
Dependencies are inferred from the claim text.