IP Library Granted Patent US 11,775,991
Granted Patent B2
US 11,775,991 · App. 17/498,380 · Granted Oct 3, 2023

Future trends forecasting system

Inventors: Kevin Bradley Marsh (Union, KY); Brad Wilson (Nashville, TN); Robin Hanson (Nashville, TN)
Assignee: CONSENSUS POINT, INC.
G06Q30/0202G06F3/04847G06Q40/00G06Q40/04G06Q40/06G06F3/04842G06Q10/00G06Q10/10G06Q20/10G06Q30/02G06Q30/0203G06Q40/02G06Q40/08
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Quick Facts
Patent No.
US 11,775,991
App. No.
17/498,380
Granted
Oct 3, 2023
Kind
B2
Abstract

Systems and methods for future trends forecasting based on prediction market probability estimates. Alternative simulated starting values for prediction markets are used in order to determine the preferred starting values for prediction markets to use in volumetric forecasting. A user interface that facilitates using prediction market probability estimates to determine future trends forecasts is described herein.

Claims (40)

1. An apparatus for future trends forecasting comprising:

a server computer including a processor and a memory running a software providing:

a market maker;

a transaction interface;

administrative controls operable to provide for adjustment of a market fulcrum; and

a future trends forecasting system;

wherein the market maker calculates and displays in the transaction interface a quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens associated with an action; and

wherein the future trends forecasting system is operable to determine a future trend forecast based on the action and the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens.

2. The apparatus of claim 1 , wherein the value of stock, currency, points, or tokens is determined based on a logarithmically spaced price ladder for the stock, currency, points, or tokens, wherein the software is operable to automatically update the logarithmically spaced price ladder for the stocks, currency, points, or tokens based on the action involving the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens.

3. The apparatus of claim 1 , wherein the administrative controls provide for selective adjustment of sensitivity.

4. The apparatus of claim 1 , wherein the administrative controls provide for selective adjustment of liquidity.

5. The apparatus of claim 1 , wherein the administrative controls provide for selective adjustment of window.

6. The apparatus of claim 1 , wherein a starting point for the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens associated with the action is pre-defined.

7. The apparatus of claim 1 , wherein the future trends forecasting system includes a machine learning algorithm operable to transform a set of actions including the action involving the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens into predictive data.

8. The apparatus of claim 1 , wherein the future trend forecast includes a rationale for a trend, wherein the rationale for the trend is determined utilizing a machine learning algorithm, and wherein the future trend forecast is updated based on a subsequent action received through the transaction interface.

9. The apparatus of claim 1 , wherein the future trend forecast includes a growth likelihood, a segment or a brand, a timing, or a rationale for a trend, wherein the growth likelihood, the segment or the brand, the timing, or the rationale for the trend is calculated by the machine learning algorithm, and wherein the future trend forecast is updated based on a subsequent action received through the transaction interface.

10. An apparatus for future trends forecasting comprising:

a server computer including a processor and a memory running a software providing:

a market maker;

a transaction interface; and

a future trends forecasting system;

wherein the market maker calculates and displays in the transaction interface a quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens;

wherein the transaction interface further includes a slider interface permitting buying or selling the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens with a single sliding action; and

wherein the future trends forecasting system is operable to determine a future trend forecast based the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens.

11. The apparatus of claim 10 , wherein the value of stock, currency, points, or tokens is determined based on a logarithmically spaced price ladder for the stock, currency, points, or tokens, wherein the software is operable to automatically update the logarithmically spaced price ladder for the stocks, currency, points, or tokens based on the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens.

12. The apparatus of claim 10 , wherein the administrative controls provide for selective adjustment of sensitivity.

13. The apparatus of claim 10 , wherein the administrative controls provide for selective adjustment of liquidity.

14. The apparatus of claim 10 , wherein the administrative controls provide for selective adjustment of window.

15. The apparatus of claim 10 , wherein a starting point for the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens is pre-defined.

16. The apparatus of claim 10 , wherein the future trends forecasting system includes a machine learning algorithm operable to transform a set of actions involving the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens into predictive data.

17. The apparatus of claim 10 , wherein the future trend forecast includes a rationale for a trend, wherein the rationale for the trend is determined utilizing a machine learning algorithm, and wherein the future trend forecast is updated based on a subsequent action received through the transaction interface.

18. The apparatus of claim 10 , wherein the future trend forecast includes a growth likelihood, a segment or a brand, a timing, or a rationale for a trend, wherein the growth likelihood, the segment or the brand, the timing, or the rationale for the trend is calculated by the machine learning algorithm, and wherein the future trend forecast is updated based on a subsequent action received through the transaction interface.

19. An apparatus for future trends forecasting comprising:

a server computer including a processor and a memory running a software providing:

a market maker;

a transaction interface; and

administrative controls operable to provide for adjustment of a market fulcrum,

wherein the market maker calculates and displays in the transaction interface a quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens; and

wherein the transaction interface further includes a slider interface permitting buying or selling the quantity of stock, currency, points, or tokens or the value of stock, currency, points, or tokens with a single sliding action.

20. The apparatus of claim 19 , wherein the administrative controls provide for selective adjustment of sensitivity, window, and liquidity.

Assignments (4)
CHANGE OF NAME Recorded Dec 6, 2024
From: CRG PREDICTIVE ANALYTICS INC.
To: CRG PREDICTIVE INTELLIGENCE, INC.
Reel/Frame 069533/0361 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 22, 2024
From: CONSENSUS POINT, INC.
To: CRG PREDICTIVE ANALYTICS INC.
Reel/Frame 069371/0389 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 14, 2022
From: MARSH, KEVIN BRADLEY
To: CONSENSUS POINT, INC.
Reel/Frame 061094/0318 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 12, 2021
From: WILSON, BRAD; HANSON, ROBIN
To: CONSENSUS POINT, INC.
Reel/Frame 057760/0070 →
Continuity (12)
Continuation 16562923 · Sep 6, 2019
Continuation In Part 15352116 · Nov 15, 2016
Continuation In Part 15218718 · Jul 25, 2016
Continuation In Part 14963349 · Dec 9, 2015
Continuation In Part 14142327 · Dec 27, 2013
Continuation In Part 14142327 · Dec 27, 2013
Continuation 14066344 · Oct 29, 2013
Continuation In Part 14066344 · Oct 29, 2013
Continuation 13278424 · Oct 21, 2011
Provisional Application 61746825 · Dec 28, 2012
Provisional Application 61405352 · Oct 21, 2010
Related Publication 20220028000A1 · Jan 27, 2022