| US 7,516,085 B2 | ||
| Market determination system | ||
| G. William Bailey, 16 Fairfield Dr., Newark, Del. 19711 (US) | ||
| Filed on Apr. 21, 2005, as Appl. No. 11/110,884. | ||
| Application 11/110884 is a continuation of application No. 10/410554, filed on Apr. 10, 2003, granted, now 7,043,445. | ||
| Application 10/410554 is a continuation of application No. 09/095802, filed on Jun. 11, 1998, granted, now 6,604,083. | ||
| Claims priority of provisional application 60/049448, filed on Jun. 12, 1997. | ||
| Prior Publication US 2005/0246222 A1, Nov. 03, 2005 | ||
| Int. Cl. G06Q 99/00 (2006.01) | ||
| U.S. Cl. 705—10 [705/7; 705/1; 705/35; 705/36] | 15 Claims |
| 13. A data processor implemented method for determining a demand for a product or service within a plurality of census units
located in a market area, the method comprising:
receiving a location input for at least one business offering the product or service;
calculating a plurality of travel time traces around at least one business location using at least one geographical information
system database;
determining a number of potential customers within each of the plurality of census units by using at least one demographic
information database;
weighting the number of potential customers in the travel time traces to generate a weighted number of potential customers
within each of the plurality of census units; and
determining the demand within each of the plurality of census units for at least one product or service offered by the business
using the weighted numbers of potential customers within each of the plurality of census units using the data processor.
|