ETLAnow: A Model for Forecasting with Big Data – Forecasting Unemployment with Google Searches in Europe

Joonas Tuhkuri

No 54, ETLA Reports from The Research Institute of the Finnish Economy

Abstract: Abstract In this report we document the ETLAnow project. ETLAnow is a model for forecasting with big data. At the moment, it predicts the unemployment rate in the EU-28 countries using Google search data. This document is subject to updates as the ETLAnow project advances.

Keywords: Big Data; Google; Internet; Nowcasting; Forecasting; Unemployment; Europe (search for similar items in EconPapers)
JEL-codes: C22 C53 C55 C82 E27 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2016-05-25
New Economics Papers: this item is included in nep-cmp, nep-eur, nep-mac and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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