INDUSTRY SIZE OF WALLET
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United States of America Patent
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Issued Date -
Mar 20, 2014
app pub date -
Nov 20, 2013
filing date -
Dec 1, 2006
priority date (Note) -
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Abstract
Consumer spend by industry is modeled based on the industry sizes of wallet of consumers having a high share of wallet with a financial institution. A size of wallet is calculated for each consumer in a plurality of consumers. A share of wallet for each consumer is also calculated. A subset of the plurality of consumers whose share of wallet is above a given percentage of their size of wallet is then determined. For each consumer in the subset, an industry size of wallet is determined. A correlation between the industry size of wallet of a given consumer and one or more characteristics of the given consumer is then derived using the industry size of wallet for the consumers in the subset.
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