Nowcasting prices using Google trends : an application to Central America (English)

The objective of this study is to assess the possibility of using Internet search keyword data for forecasting price series in Central America, focusing on Costa Rica, El Salvador, and Honduras. The Internet search data comes from Google Trends. The paper introduces these data and discusses some of the challenges inherent in working with it in the context of developing countries. A new index is introduced for consumer search behavior for these countries...

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Author

Seabold,Skipper;

Coppola,Andrea;
Document Date
2015/08/19
Document Type
Policy Research Working Paper
Report Number
WPS7398
Volume No
1
Total Volume(s)
1
Country
Central America,
Region
Latin America and Caribbean,
Disclosure Date
2015/08/19
Disclosure Status
Disclosed
Doc Name
Nowcasting prices using Google trends : an application to Central America
Keywords
index construction

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Citation

Seabold,Skipper; Coppola,Andrea.

Nowcasting prices using Google trends : an application to Central America (English). Policy Research working paper|no. WPS 7398 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/861491467999367566

Nowcasting prices using Google trends : an application to Central America (English)

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