55 citations · 293 across the 29 of their papers we have counts for
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physics.soc-ph2014★ 12 cited
Nowcasting economic and social data: when and why search engine data fails, an illustration using Google Flu Trends
Paul Ormerod, Rickard Nyman, R Alexander Bentley
Obtaining an accurate picture of the current state of the economy is particularly important to central banks and finance ministries, and of epidemics to health ministries. There is…
q-fin.ST2014★ 3 cited
Big Data, Socio-Psychological Theory, Algorithmic Text Analysis and Predicting the Michigan Consumer Sentiment Index
Rickard Nyman, Paul Ormerod
We describe an exercise of using Big Data to predict the Michigan Consumer Sentiment Index, a widely used indicator of the state of confidence in the US economy. We carry out the e…