Training an estimation model for price optimization
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United States of America Patent
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Aug 27, 2019
Grant Date -
Feb 1, 2018
app pub date -
Jul 29, 2016
filing date -
Jul 29, 2016
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Abstract
A non-transitory computer readable storage medium having instructions embodied therewith, the instructions executable by a processor or programmable circuitry to cause the processor or programmable circuitry to perform operations including obtaining training data including a sample value of one or more input features of an item and a sample value of an output feature representing demand for the item, and training, based on the training data, an estimation model that estimates a new value of the output feature for the item based on new values of the one or more input features. The one or more input features may include a relative price of the item relative to prices of a plurality of items.
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