System and method for predicting discount-demand elasticity

Abstract

System and method for predicting discount-demand elasticity of one or more retail items in a portfolio are presented. The system includes a feature engineering module configured to generate a plurality of features based on historical data of a plurality of retail items in the portfolio. The system further includes an elasticity estimator configured to estimate discount-demand elasticity values for the plurality of retail items in the portfolio; and an elasticity-band generator configured to generate a set of elasticity bands for the plurality of retail items based on the estimated discount-demand elasticity values. The system furthermore includes a training module configured to train a classification model based on the generated plurality of features and the generated set of elasticity bands. The system moreover includes an elasticity prediction module configured to generate discount-demand elasticity of the one or more retail item in the portfolio from the trained classification model.

Dependencies are inferred from the claim text.