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

Tuhkuri Joonas

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.

Publication info

Part of researches
ETLAnow
Part of programs
Macroeconomy, international economy and cycles
Series
ETLA Raportit - Reports 54
Date
25.05.2016
Keywords
Big Data, Google, Internet, Nowcasting, Forecasting, Unemployment, Europe
ISSN
2323-2447, 2323-2455 (Pdf)
JEL
C22, C53, C55, C82, E27
Pages
16
Language
English
Publication on other services
ETLAnow at www.etlanow.eu
Press release