Monday, April 6, 2009

Economic Forecasts with Google Data

From Predicting the Present with Google Trends on the Google Research Blog:

Our work to date is summarized in a paper called Predicting the Present with Google Trends. We find that Google Trends data can help improve forecasts of the current level of activity for a number of different economic time series, including automobile sales, home sales, retail sales, and travel behavior.

In a world of data, Google is king. Note to self: buy more GOOG.

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