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  • #2
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭later12


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    http://www.ft.com/intl/cms/s/0/f9550984-952e-11e0-a648-00144feab49a.html#axzz1PGbSNii7
    The data could be helpful in producing the Bank’s so-called “nowcast” – a prediction of the current state of the economy, based on the latest available information. The Bank uses a “nowcast” because official data from the Office of National Statistics are often slow to appear and the Bank does not always trust some early estimates of data because they are frequently revised...

    Derwent Capital Markets, a family-owned investment boutique, said last month that it had launched a hedge fund using Twitter and other social network postings to predict the financial markets.

    The ONS has produced an analysis of the predictive power of search terms for retail sales, and found it to be a good match for some elements of shoppers’ spending. Central banks in Italy and Israel have also looked at internet searches as a possible guide to economic activity.


  • #3
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭later12


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