US Patent Issued to BYTEDANCE on Aug. 12 for "Method, apparatus, and computer program product for forecasting demand using real time demand" (Illinois Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,387,228, issued on Aug. 12, was assigned to BYTEDANCE INC (Wilmington, Del.).

"Method, apparatus, and computer program product for forecasting demand using real time demand" was invented by Shafiq Shariff (Chicago) and Derek Nordquist (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided herein are systems, methods and computer readable media for managing a sales pipeline, and in some embodiments, generating demand based on real time demand predicted demand. An example method comprises generating a virtual promotion, wherein the virtual promotion comprises a combination of a category or sub-category, a location, and a price range, calculating...