Analyzing auction data having a varying number of bidders

Details Analyzing auction data having a varying number of bidders Analyzing auction data having a varying number of bidders

2011-07-05

2011-07-05

Dass, Harish T (Department: 3695)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S007380

Reexamination Certificate

active

07974910

ABSTRACT:
Methods and associated apparatus comprise, among other features, organizing previously acquired auction data into a plurality of sub-samples, each sub-sample comprising bid data associated with auctions having a common number of bidders, applying an inverse bid function to at least two sub-samples, pooling results from applying the inverse bid function to form a first pool, applying a direct bid function on the first pool to generate sample bids, matching bids from at least one sub-sample to the sample bids, and pooling results from the matching with the first pool to form a second pool.

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