Patents by Inventor Mark E. Rice
Mark E. Rice has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 8954361Abstract: The value of a target variable is predicted by obtaining historical values for the target variable at each of several time points and obtaining previously predicted values and currently predicted values for each of several predictor variables, the predictor variables being different from the target variable. Values are assigned to parameters of a forecasting model to obtain the best fit of the previously predicted values for the predictor variables to the historical values for the target variable. Finally, a value of the target variable is predicted from the currently predicted values for at least a subset of the predictor variables using the forecasting model and the values assigned to the parameters of the forecasting model.Type: GrantFiled: July 31, 2013Date of Patent: February 10, 2015Assignee: c4cast.com, Inc.Inventors: Gordon Michael Phillips, M. Chapman Findlay, III, William Palmer Jennings, Stephen A. Klein, Mark E. Rice
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Patent number: 8521663Abstract: The value of a target variable is predicted by obtaining historical values for the target variable at each of several time points and obtaining previously predicted values and currently predicted values for each of several predictor variables, the predictor variables being different from the target variable. Values are assigned to parameters of a forecasting model to obtain the best fit of the previously predicted values for the predictor variables to the historical values for the target variable. Finally, a value of the target variable is predicted from the currently predicted values for at least a subset of the predictor variables using the forecasting model and the values assigned to the parameters of the forecasting model.Type: GrantFiled: May 9, 2011Date of Patent: August 27, 2013Assignee: c4cast.com, Inc.Inventors: G. Michael Phillips, M. Chapman Findlay, III, William P. Jennings, Stephen A. Klein, Mark E. Rice
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Patent number: 8249970Abstract: Provided is a technique for evaluating an asset, such as a share of stock in a corporation, by processing historical data for value of an asset and historical data values for various exogenous variables to obtain a formula for calculating a measure of a tendency of the value of the asset to change as a result of changes in the data values for the exogenous variables, the formula being a function of the exogenous variables. Projected data values are then obtained for the exogenous variables, and a measure of the tendency of the value of the asset to change based on a change in at least one of the exogenous variables is estimated using the formula and the input projected data values.Type: GrantFiled: January 17, 2003Date of Patent: August 21, 2012Assignee: c4cast.com, Inc.Inventors: G. Michael Phillips, M. Chapman Findlay, III, Stephen A. Klein, William P. Jennings, Mark E. Rice
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Patent number: 7958204Abstract: Provided are, among other things, systems, methods and techniques for providing resources to participants over an electronic network. In one representative embodiment, a collection of resources is maintained, such that both the collection and the resources can be accessed by a participant over the electronic network at any given time; points are assigned to individual resources based on an amount of participant access of the individual resources over the electronic network; and the collection is modified based on the points assigned to the resources.Type: GrantFiled: February 11, 2008Date of Patent: June 7, 2011Assignee: c4cast.com, Inc.Inventors: G. Michael Phillips, M. Chapman Findlay, III, William P. Jennings, Stephen A. Klein, Mark E. Rice
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Patent number: 7580876Abstract: Provided is a technique for evaluating an asset, such as a share of stock in a corporation, by processing historical data for value of an asset and historical data values for various exogenous variables to obtain a formula for calculating a measure of a tendency of the value of the asset to change as a result of changes in the data values for the exogenous variables, the formula being a function of the exogenous variables. Projected data values are then obtained for the exogenous variables, and a measure of the tendency of the value of the asset to change based on a change in at least one of the exogenous variables is estimated using the formula and the input projected data values.Type: GrantFiled: July 13, 2000Date of Patent: August 25, 2009Assignee: c4cast.com, Inc.Inventors: G. Michael Phillips, M. Chapman Findlay, III, Stephen A. Klein, William P. Jennings, Mark E. Rice
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Patent number: 7337135Abstract: Provided is a technique forecasting the direction in which the price of an asset will move by identifying a group of exogenous variables that are likely to influence observed prices of an asset. Then, historical data for values of the exogenous variables and historical data for the observed prices of the asset over a time period are processed to obtain a formula for calculating price estimates for the asset as a function of the exogenous variables. The formula is calculated using an input set of observed values for the exogenous variables at given point in time, so as to obtain a price estimate for the asset at the given point in time. Then, a similarity measure is determined by comparing the price estimate for the asset at the given point in time to the observed price for the asset at the given point in time. Finally, a direction in which the observed price of the asset will move is forecast based on the similarity measure.Type: GrantFiled: October 19, 2000Date of Patent: February 26, 2008Assignee: c4cast.com, Inc.Inventors: M. Chapman Findlay, III, G. Michael Phillips, William P. Jennings, Mark E. Rice, Stephen A. Klein
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Patent number: 7193628Abstract: Provided is a technique for displaying information. Initially, a number of data points is obtained, each data point including an estimated statistic. A measure of the statistical significance for each estimated statistic also is obtained, and a graph of the data points is displayed. According to this aspect of the invention, a display characteristic (such as intensity, size, brightness, hue, saturation or any other color characteristic) of each data point is a function of the measure of statistical significance of the estimated statistic included in such data point.Type: GrantFiled: July 13, 2000Date of Patent: March 20, 2007Assignee: C4Cast.Com, Inc.Inventors: G. Michael Phillips, Mark E. Rice, Stephen A. Klein, William P. Jennings, M. Chapman Findlay, III
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Patent number: 7072863Abstract: The value of a target variable is predicted by obtaining historical values for the target variable at each of several time points and obtaining previously predicted values and currently predicted values for each of several predictor variables, the predictor variables being different from the target variable. Values are assigned to parameters of a forecasting model to obtain the best fit of the previously predicted values for the predictor variables to the historical values for the target variable. Finally, a value of the target variable is predicted from the currently predicted values for at least a subset of the predictor variables using the forecasting model and the values assigned to the parameters of the forecasting model.Type: GrantFiled: September 8, 1999Date of Patent: July 4, 2006Assignee: C4CAST.Com, Inc.Inventors: G. Michael Phillips, M. Chapman Findlay, III, William P. Jennings, Stephen A. Klein, Mark E. Rice
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Patent number: 6907403Abstract: Provided is a technique for classifying stocks into business sectors by calculating, for each of multiple exogenous variables, a measure of a tendency for a value of a stock to change as a result of a change in a data value for each such exogenous variable. The foregoing step is then repeated for each of several different stocks. Finally, the different stocks are grouped into different sectors based on similarities of such measures of tendency to change.Type: GrantFiled: July 13, 2000Date of Patent: June 14, 2005Assignee: c4cast.com, Inc.Inventors: Stephen A. Klein, G. Michael Phillips, William P. Jennings, M. Chapman Findlay, III, Mark E. Rice
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Patent number: 6792399Abstract: Combination forecasts are generated using predictions obtained from a group of forecasters. The forecasters are first divided into a number of pre-defined clusters, which typically will have been formed using statistical clustering techniques. In particular, clusters of forecasters can be formed based on similarities of the forecasters' predictions. Then, statistical data are calculated for each pre-defined cluster (e.g., measures of central tendency and dispersion). Finally, the statistical data for all the pre-defined clusters are combined so as to obtain a combination forecast.Type: GrantFiled: September 8, 1999Date of Patent: September 14, 2004Assignee: c4cast.com, Inc.Inventors: G. Michael Phillips, William P. Jennings, M. Chapman Findlay, III, Stephen A. Klein, Mark E. Rice
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Patent number: 6658467Abstract: Resources are provided to participants over an electronic network by maintaining a collection of resources that can be accessed by a participant over the electronic network at a given time. Points are assigned to each resource based on participant access of the resource and the collection is modified based on the points assigned to each resource. Alternatively, or in addition, participants may be permitted to rate the resources, with points assigned to each resource based on participant rating of the resource. The collection of resources is then modified based on assigned points for each resource.Type: GrantFiled: September 8, 1999Date of Patent: December 2, 2003Assignee: C4cast.com, Inc.Inventors: Mark E. Rice, Stephen A. Klein, G. Michael Phillips, M. Chapman Findlay, III, William P. Jennings
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Patent number: 6606615Abstract: Provided is a contest that produces forecasting data for predesignated variables whose values change over time. Initially, participant registrations are accepted, and the participants are permitted to submit predictions of values, projected at plural different time points, for at least one of several predesignated variables. Then, the participants receive an overall ranking based on their relative accuracies (e.g., percentile rankings) in individual prediction events. Additional features of the invention include: requiring demographic information as a condition to registration, rewarding participants for updating their predictions as early as possible, basing overall ranking on both accuracy and accuracy consistency in individual prediction events, basing the overall ranking on how soon the participants' final predictions were made before certain closing time points, and permitting participants to submit estimates of their own prediction uncertainty.Type: GrantFiled: September 8, 1999Date of Patent: August 12, 2003Assignee: C4Cast.com, Inc.Inventors: William P. Jennings, M. Chapman Findlay, III, G. Michael Phillips, Stephen A. Klein, Mark E. Rice
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Patent number: 6473084Abstract: Initially, a graph is electronically displayed, the graph including a historical portion that includes historical values of the variable over time and also including a future portion. Then, a participant is permitted to designate a point on the future portion of the graph (e.g., by using an input device such as a mouse, a touch-sensitive display screen or the like) and the designated point is converted into a predicted value for the variable at a realization time.Type: GrantFiled: September 8, 1999Date of Patent: October 29, 2002Assignee: C4Cast.Com, Inc.Inventors: G. Michael Phillips, M. Chapman Findlay, III, William P. Jennings, Stephen A. Klein, Mark E. Rice