Kholodilin, Konstantin A.; Podstawski, Maximilian; … - KOF Swiss Economic Institute, Department of Management, … - 2010
In this paper, we investigate whether the Google search activity can help in nowcasting the year-on-year growth rates … of monthly US private consumption using a real-time data set. The Google-based forecasts are compared to those based on a …-Mariano test of equal predictive ability, the null hypothesis can be rejected suggesting that Google-based forecasts are …