SYSTEMS AND METHODS OF RATING AN OFFER FOR A PRODUCT

摘要

Embodiments disclosed herein relate generally to systems andmethods for rating an offer for a product. In one broad aspect there isprovided a method for rating an offer for a product. The method includesgenerating a component score for each rating component of a plurality ofrating components. The rating components include at least one communityfeedback component and at least one intrinsic component. Each ratingcomponent is then assigned a weight, where the weight assigned to the atleast one community feedback component is proportional to the volume ofcommunity feedback and the weight assigned to the at least one intrinsiccommunity feedback is inversely proportional to the volume of communityfeedback. In another broad aspect, there is provided a method for rating anoffer for a product. The method includes generating a component score foreach rating component of a plurality of rating components. The plurality ofrating components include a price of the offer. The step of generating thecomponent score for the price of the offer includes comparing the price of theoffer to a current market price reference for the product. The current marketprice reference is based on community feedback associated with the offer.