Abstract: A method includes extracting a plurality of patent parameters from each patent asset of a first data set comprising a first set of patent assets. The plurality of patent parameters of each patent asset of the first data set is fed to a decision tree tool. A decision tree involving interaction between the plurality of patent parameters is generated using a classification based methodology via the decision tree tool. Each patent asset of a second data set including a second set of patent assets is rated based on the generated decision tree. Each patent asset is provided a relative rating, an absolute rating, or a combination thereof.