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Google Search Traffic as Economic Indicator

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Username: colin_twiggs

Post Number: 1148
Registered: 06-2009

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Tuesday, June 14, 2011 - 08:57 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)


Using Google’s search data, the BOE’s Nick McLaren and Rachana Shanbhogue compared the occurrence of key words, such as “unemployed” and “house prices,” against official data for the labor and housing markets. The results showed Internet search terms are as accurate as traditional indicators at predicting trends; indeed, for the housing market they are even more accurate.

WSJ: Google Can Help Predict House Prices, Unemployment

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