Forecasting private consumption: survey-based indicators vs. Google trends

Vosen, Simeon; C. Schmidt, Torsten

doi:10.1002/for.1213

Public

Forecasting private consumption: survey-based indicators vs. Google trends

Published in Journal of Forecasting • Jan 13, 2011

Authors:

Simeon Vosen

Torsten C. Schmidt

Abstract

In this study we introduce a new indicator for private consumption based on search query time series provided by Google Trends. The indicator is based on factors extracted from consumption-related search categories of the Google Trends application Insights for Search. The forecasting performance of ...

Subject

Consumer confidence index

Index (typography)

Private consumption

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