Forecasting discovery costs based on interpolation of...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Operations research or analysis

Reexamination Certificate

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C705S007290, C705S007110, C705S400000

Reexamination Certificate

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08073729

ABSTRACT:
A computer-implemented method of forecasting discovery costs captures historical business events, which are aggregated and statistically analyzed by matter type and business event types. Statistical data is used to calculate probabilities of occurrence of future business events and to extrapolate occurrence of those future business events. The method forecasts an extrapolated volume of production at the time of a forecasted export event. The method further forecasts costs for future discovery from the extrapolated volume of production.

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