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An approach to predict Spanish mortgage market activity using Google data

Marcos González-Fernández and Carmen González-Velasco
Authors registered in the RePEc Author Service: Marcos González-Fernández

Economics and Business Letters, 2019, vol. 8, issue 4, 209-214

Abstract: The aim of this paper is to use Google data to predict Spanish mortgage market activity during the period from January 2004 to January 2019. Thus, we collect monthly Google data for the keyword hipoteca, the Spanish expression for mortgage, and then, we perform a regression and an out-of-sample analysis. We find evidence that the use of Google data significantly improves prediction accuracy.

Date: 2019
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