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Google econometrics and unemployment forecasting

[research report]

Corporate Editor
Rat für Sozial- und Wirtschaftsdaten (RatSWD)

Abstract

"The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword searches... view more

"The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and exhibits a strong potential for the method used." [author's abstract]... view less

Keywords
unemployment; econometrics; search engine; Internet; prognosis; analysis; time series; correlation; Federal Republic of Germany; economic behavior; statistical analysis; data; activity; empirical research; information; data collection method

Classification
Research Design
Interactive, electronic Media
Labor Market Research

Document language
English

Publication Year
2009

City
Berlin

Page/Pages
18 p.

Series
RatSWD Research Notes, 41

Status
Published Version; reviewed

Licence
 Deposit Licence - No Redistribution, No Modifications

Data providerThis metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne