Soon, a software to tell you if you should buy now or wait for a sale!

London, July 14 (ANI): Every now and then, those contemplating to buy a new TV, smartphone or laptop are faced with a dilemma as to whether they should buy it now, or wait for the price to drop?

While we had been grumbling, researchers at Microsoft attacked the problem with science.

The result of their experimental system is 'Prodcast' - a software that looks at price history, sales volume, and time of year to guess when an item might go on sale.

It works by showing prospective buyers the likelihood that prices will go up or down - for example, an item costs 900 dollars, Prodcast can tell you that it's 80 percent certain the item will cost between 750 and 800 dollars in two weeks.

Prodcast could be integrated with existing price-comparison sites, which currently tell consumers where to buy from, but not the best time to buy, reports New Scientist.

The system will be presented at the International Conference on Knowledge Discovery and Data Mining in San Diego, California. (ANI)