The relationship between google trends search and energy commodity prices

Sakthivel Santhoshkumar, Murugesan Selvam and Balasundram Maniam
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Sakthivel Santhoshkumar: Bharathidasan University, Tiruchirappalli, India
Murugesan Selvam: Bharathidasan University, Tiruchirappalli, India
Balasundram Maniam: Sam Houston State University, Texas, USA

Theoretical and Applied Economics, 2023, vol. XXX, issue 4(637), Winter, 291-298

Abstract: An attempt has been made in the study to examine the relationship between Google Trends Search and prices of Energy Commodity. This study used daily time series data for a period of five years from 01.01.2016 to 31.12.2020. The descriptive statistics revealed that the data on Google and Energy Commodities were normally distributed. The correlation analysis showed that there was positive relationship between the sample variables, namely, Google Search and prices of Energy Commodities (crude oil, crude oil mini, natural gas and natural gas mini). The findings of the study would be useful to the investors and other participants of commodities markets, by understanding the influence of Google Trends Search on the prices Energy Commodities.

Keywords: Energy Commodities; Crude Oil; Natural Gas; Google Trends Search. (search for similar items in EconPapers)
Date: 2023
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