Method and system for indexing of agricultural regions

A method for estimating economic impact based on weather, comprising:

• storing, in a transaction database of a processing server, a plurality of transaction data entries, wherein each transaction data entry is a structured data set including data related to an electronic payment transaction including at least a geographic location, a time and/or date, and transaction content data;
• storing, in an index database of the processing server, a plurality of index values, wherein each index value is associated with one or more geographic areas;
• receiving, by a receiving device of the processing server, a data signal superimposed with weather data, wherein the weather data includes weather information for a specific geographic area for a period of time;
• executing, by a querying module of the processing server, a query on the transaction database to identify a subset of transaction data entries where the geographic location is included in the specific geographic area and where the time and/or date is included in a transaction time period corresponding to the period of time;
• executing, by the querying module of the processing server, a query on the index database to identify a specific index value associated with the specific geographic area;
• identifying, by an analytical module of the processing server, one or more purchase behaviors for transaction time period based on at least the transaction content data included in each transaction data entry in the subset of transaction data entries;
• and
• estimating, by the analytical module of the processing server, an economic impact for the specific geographic area based on at least the specific index value, the identified one or more purchase behaviors, and the weather information for the specific geographic area and the period of time.

A system for indexing economic impact of weather events, comprising:

• a transaction database of a processing server configured to store a plurality of transaction data entries, wherein each transaction data entry is a structured data set including data related to an electronic payment transaction including at least a geographic location, a time and/or date, and transaction content data;
• a receiving device of the processing server configured to receive a data signal superimposed with weather data, wherein the weather data includes at least weather information for a geographic area for a plurality of time periods;
• a querying module of the processing server configured to execute a query on the transaction database to identify a subset of transaction data entries for each of the plurality of time periods where each transaction data entry in the subset includes a time and/or date included one or more transaction time periods respectively corresponding to the respective time period and where the geographic location included in each transaction data entry in the subset is included in the geographic area;
• an analytical module of the processing server configured to identify one or more purchase behaviors for each of the transaction time periods based on at least the transaction content data included in each transaction data entry in the subset of transaction data entries identified for the transaction time periods;
• and
• an indexing module of the processing server configured to identify an index value associated with the geographic area indicative of an economic impact of weather events on the geographic area based on at least changes in the weather information for the geographic area over the plurality of time periods and changes in the corresponding one or more purchase behaviors over the transaction time periods.

A system for estimating economic impact based on weather, comprising:

• a transaction database of a processing server configured to store a plurality of transaction data entries, wherein each transaction data entry is a structured data set including data related to an electronic payment transaction including at least a geographic location, a time and/or date, and transaction content data;
• an index database of the processing server configured to store a plurality of index values, wherein each index value is associated with one or more geographic areas;
• a receiving device of the processing server configured to receive a data signal superimposed with weather data, wherein the weather data includes weather information for a specific geographic area for a period of time;
• a querying module of the processing server configured to
• execute a query on the transaction database to identify a subset of transaction data entries where the geographic location is included in the specific geographic area and where the time and/or date is included in a transaction time period corresponding to the period of time, and
• execute a query on the index database to identify a specific index value associated with the specific geographic area;
• and
• an analytical module of the processing server configured to
• identify one or more purchase behaviors for the transaction time period based on at least the transaction content data included in each transaction data entry in the subset of transaction data entries, and
• estimate an economic impact for the specific geographic area based on at least the specific index value, the identified one or more purchase behaviors, and the weather information for the specific geographic area and the period of time.