Real-time economic indicator
AssigneeYahoo! Inc.
InventorsDoug Sharp, Varun Bhagwan, Mihajlo Grbovic
Life of this patent
Estimating the term…
Abstract
Electronic messages may comprise pieces of economic data, such as an email comprising a first sales receipt and an instant message comprising a second sales receipt. Pieces of economic data may be extracted from electronic messages to obtain a set of extracted economic data. A scale factor may be determined based upon historical economic data (e.g., gross domestic sales data, stock data, etc.). A real-time economic indicator (e.g., a coincident indicator, a leading indicator, etc.) may be determined based upon the set of extracted economic data and the scale factor. The real-time economic indicator may be provided to users, such as through a real-time feedback (e.g., according to a license agreement).
Claims20
A method of predicting a real-time economic indicator, comprising:
- extracting a first piece of economic data from a first electronic message and a second piece of economic data from a second electronic message to obtain a set of extracted economic data;
- determining a scale factor based upon historical economic data;
- and
- determining a real-time economic indicator based upon the set of extracted economic data and the scale factor.
A system for predicting a real time economic indicator, comprising:
- an economic data extraction component configured to:
- extract a first piece of economic data from a first electronic message to obtain a first piece of extracted economic data;
- a categorizing component configured to:
- aggregate the first piece of extracted economic data into a first category;
- a scaling component configured to:
- determine a scale factor based on historical data;
- and
- an indicator component configured to:
- determine a real-time economic indicator for the first category based upon the scale factor and the first piece of extracted economic data.
A non-transitory computer readable medium comprising computer executable instructions that when executed by a processor perform a method for predicting a real-time economic indicator, comprising:
- extracting a first piece of economic data from a first electronic message and a second piece of economic data from a second electronic message to obtain a set of extracted economic data, at least one of the first electronic message or the second electronic message comprising an email, an instant message, or a social network message;
- aggregating the set of extracted economic data into a first category;
- determining a scale factor based upon historical economic data for the first category;
- and
- determining a real-time economic indicator for the first category based upon the set of extracted economic data and the scale factor.
Dependencies are inferred from the claim text.