Using Google Trends Data in Forecasting Economic Variables: Time Series Analysis - Brossura

Yousefi, Djamil

 
9786200478412: Using Google Trends Data in Forecasting Economic Variables: Time Series Analysis
Brossura
ISBN 10: 6200478414 ISBN 13: 9786200478412
Casa editrice: LAP LAMBERT Academic Publishing, 2019

Sinossi

This work investigates in a forecast application whether the forecast accuracy of the US unemployment growth rate can be improved when the time series model is augmented with Google Trends data. The empirical analysis is based on up to 10 distinct Google Trends search terms, which show a sufficiently high correlation with the target variable US unemployment rate. A Google index from the 10 Google search terms is derived by estimating a Factor model with the method of principal component analysis. By using a VAR model it is empirically shown that the forecast accuracy of the US unemployment growth rate can be improved by augmenting the model with the Google search terms.

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

Editore
LAP LAMBERT Academic Publishing
Data di pubblicazione
2019
Lingua
Inglese
ISBN 10 
6200478414
ISBN 13 
9786200478412
Rilegatura
Copertina flessibile
Numero di pagine
88
Contatto del produttore
non disponibile
Persona responsabile
KreGa Onlinehandel GmbH
4950000000000
info@krega-onlinehandel.de

Birkenweg 31
Brakel
33034
Germania