Unique ID: 2015057
Division: | DIQR Department |
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Issue Date: | February 13th 2019 |
Last modified: | February 22nd 2019 |
Cost: FREE
Use of Google Trend for "now-casting" the unemployment rate
Use of Google Trend for "now-casting" the unemployment rate
Currently flash statistics on unemployment rate are produced after one month. The project aims to reduce this time-lag
Project Objective:
Pilot intended to go to production to improve timeliness
Project Outcomes:
Improve the accuracy and the timeliness of labor statistics. Learn about the use of online search data for improving the quality of official statistics in general.
Publications Comments:
Proceedings in conferences
Statistical Area
Project Sources
Type Of Institution: | National statistical office |
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Big Data Source: | Other |
Region: | Europe & Central Asia |
Country Area: | Italy |
Id Country Regional: | country |
Partnerships
Other Partners: | Government institute |
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Accessing Data
Data Access Rights: | Broader access rights |
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Data Coverage
Data Coverage: | Other |
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Coverage Geo Pop: | Whole country / high % of market |
Cost Implication: | Free |
Coverage Period: | 4 years |
Project Details
Frequency Comments: | Google Trend returns a random sample of the query. |
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Data Quality
Quality Framework: | Quality of output statistics |
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Quality Aspects Evaluated: | Completeness, Usability, Time Factors, Accessibility, Relevance, Validity, Accuracy, including selectivity, Coherence, including linkability to other sources |
Validation Comments: | Comparison with the official statistics on labor market. |
Quality Framework Comments: | Quantitative |
Data Quality Concerns Comments: | Main concern is about the sampling process producing the Google Trend index |
Methodology
Methods Used: | Traditional statistical methods |
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Technologies
Technologies: | Other |
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Technologies Comments: | Data produced by Google Engine |
Other
Income Level: | High-income |
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Iso: | IT |
Timeframe To Produce Indicator: | NA |
Frequency Comments: | Google Trend returns a random sample of the query. |
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