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in Finland. Compared to a simple benchmark model, Google searches improve the prediction of the present house price index …
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There is a deep structural transformation going on In the Finnish electrical, electronics and IT services sector. The main reason is a major turning point in ICT due to diminishing production and employment in mobile telecom industry where large amount of high-skill jobs will disappear in the...
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contains a variable, Google Index, formed from Google data. In addition, cross-correlation analysis and Granger-causality tests … are performed. Compared to a simple benchmark, Google search queries improve the prediction of the present by 10 … future unemployment 3 months ahead. Google search queries also tend to improve the prediction accuracy around turning points …
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