The Proper Use of Google Trends in Forecasting Models

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Tác giả: Marcelo C Medeiros, Henrique F Pires

Ngôn ngữ: eng

Ký hiệu phân loại: 551.63 Weather forecasting and forecasts, reporting and reports

Thông tin xuất bản: 2021

Mô tả vật lý:

Bộ sưu tập: Báo, Tạp chí

ID: 166695

It is widely known that Google Trends have become one of the most popular free tools used by forecasters both in academics and in the private and public sectors. There are many papers, from several different fields, concluding that Google Trends improve forecasts' accuracy. However, what seems to be widely unknown, is that each sample of Google search data is different from the other, even if you set the same search term, data and location. This means that it is possible to find arbitrary conclusions merely by chance. This paper aims to show why and when it can become a problem and how to overcome this obstacle.
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