Unique ID: 2015040

Division: Task Force Big Data
Issue Date: February 13th 2019
Last modified: February 22nd 2019
Collaborative

Using Google Trends for "now-casting" unemployment

Using Google Trends for "now-casting" unemployment

Assessment of the potential of the Google Trends product

Project Objective:

Exploration, Scientific / research

Project Outcomes:

Assessment of the potential of the source for "now-casts".

Publications Comments:

Conference proceedings paper

Statistical Area

Labor, Demographic and social

Project Sources
Project Sources
Type Of Institution: regional organization
Big Data Source: Other
Region: Europe & Central Asia
Country Area: Europe
Id Country Regional: regional
Accessing Data
Accessing Data
Data Access Rights: Broader access rights
Data Coverage
Data Coverage
Data Coverage: Only a portion of all data
Coverage Geo Pop: Whole country / high % of market
Cost Implication: Free
Data Quality
Data Quality
Quality Aspects Evaluated: Completeness, Usability, Time Factors, Accessibility, Relevance, Institutional/Business Environment, Validity, Accuracy, including selectivity
Validation Comments: Comparing against official releases, using the RSS measure.
Methodology
Methodology
Methods Used: Traditional statistical methods, Supervised learning, Data visualization methods, Machine learning (Random forest, etc.)
Methods Comments: Linear regression, ARIMA models
Technologies
Technologies
Technologies: Data visualization tools, Other
Technologies Comments: R
Other
Other
Timeframe To Produce Indicator: NA
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