{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-10521491","patent":{"patent_number":"US-10521491","title":"Real-time and computationally efficient prediction of values for a quote variable in a pricing application","assignee":null,"inventors":[],"filing_date":"2017-06-06T00:00:00.000Z","publication_date":"2019-12-31T00:00:00.000Z","cpc_codes":["G06F","G06F","G06F","G06Q","G06Q"],"num_claims":24,"abstract":"The present disclosure describes a system, method, and computer program for real-time and computationally efficient calculation of a recommended value range for a quote variable, such as price, discount, volume, or closing time. The system uses the highest-density interval (HDI) of probability density function (PDF) as a recommended or suggested value range for a quote variable. PDFs for the quote variable are precomputed for groups of related inputs, and each PDF is summarized as an array of discrete points. A dimension reduction technique is applied to the PDF inputs in both the training and real-time (non-training) phases to reduce the number of possible combinations of PDFs. During a quote-creation process, a PDF look-up table enables the system to efficiently identify an applicable PDF from the group of precomputed PDFs based on reduced input values."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Real-time and computationally efficient prediction of values for a quote variable in a pricing application","description":"The present disclosure describes a system, method, and computer program for real-time and computationally efficient calculation of a recommended value range for a quote variable, such as price, discou","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-10521491","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-10521491","citation_suggestion":"Patentable. \"Real-time and computationally efficient prediction of values for a quote variable in a pricing application\" (US-10521491). https://patentable.app/patents/US-10521491","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-10521491","json":"https://patentable.app/api/llm-context/US-10521491","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-30T23:05:42.667Z"}