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econ.GN2020
Text as Data: Real-time Measurement of Economic Welfare
Rickard Nyman, Paul Ormerod
Economists are showing increasing interest in the use of text as an input to economic research. Here, we analyse online text to construct a real time metric of welfare. For purpose…
econ.GN2020★ 3 cited
Understanding the Great Recession Using Machine Learning Algorithms
Rickard Nyman, Paul Ormerod
Nyman and Ormerod (2017) show that the machine learning technique of random forests has the potential to give early warning of recessions. Applying the approach to a small set of f…