Hi,
I am facing a strange problem with a software patented in the USA. It is a location evaluation software, which offers insights on determining the best location for starting-up a gas station / petrol station.
While reading the patent thoroughly, I feel that the software operates based on a complete gimmick and the realistic estimate it aims to deliver cannot be estimated in the way it is written. The software shall rank a lot of established gas stations in an area (training locations) and the proposed location. The ranks are generated through weighted sum of known data about the locations. The weights are generated by linear regression analysis or Pearson correlation of some unknown variables! At the end of the section explaining the statistical procedures, the patent reads, "In this Way, it has been found that a more accurate estimate of a value can be determined for the location based upon the training site data." This accurate estimate may refer to the future sales projection of the site, meaning that the forecast matches actual sales.
I would be happy if forum members can give their opinions about my understanding that the software is nothing but a Mambo Jumbo and the estimate it aims to provide through linear regression is a spurious estimate. The ranking of locations, which follows the regression analysis, is perhaps just based on traffic count at different locations. Your opinions shall help me to understand the merits of using this software and help me make a decision. The patent document is attached to the post.
Kindest regards,
Confidential
I am facing a strange problem with a software patented in the USA. It is a location evaluation software, which offers insights on determining the best location for starting-up a gas station / petrol station.
While reading the patent thoroughly, I feel that the software operates based on a complete gimmick and the realistic estimate it aims to deliver cannot be estimated in the way it is written. The software shall rank a lot of established gas stations in an area (training locations) and the proposed location. The ranks are generated through weighted sum of known data about the locations. The weights are generated by linear regression analysis or Pearson correlation of some unknown variables! At the end of the section explaining the statistical procedures, the patent reads, "In this Way, it has been found that a more accurate estimate of a value can be determined for the location based upon the training site data." This accurate estimate may refer to the future sales projection of the site, meaning that the forecast matches actual sales.
I would be happy if forum members can give their opinions about my understanding that the software is nothing but a Mambo Jumbo and the estimate it aims to provide through linear regression is a spurious estimate. The ranking of locations, which follows the regression analysis, is perhaps just based on traffic count at different locations. Your opinions shall help me to understand the merits of using this software and help me make a decision. The patent document is attached to the post.
Kindest regards,
Confidential