Arbeitspapier

The proper use of Google Trends in forecasting models

It is widely known that Google Trends has become one of the most popular free tools used by forecasters both in academics and in the private and public sectors. There are many papers, from several different fields, concluding that Google Trends improve forecasts' accuracy. However, what seems to be widely unknown, is that each sample of Google search data is different from the other, even if you set the same search term, data and location. This means that it is possible to find arbitrary conclusions merely by chance. This paper aims to show why and when it can become a problem and how to overcome this obstacle.

Language: Englisch

Bibliographic citation: Series: Texto para discussão ; No. 683

Classification: Wirtschaft

Subject: Google trends
forecasting
nowcasting
big data

Event: Geistige Schöpfung

(who): Medeiros, Marcelo C.
Pires, Henrique

Event: Veröffentlichung

(who): Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia

(where): Rio de Janeiro

(when): 2021

Handle: http://hdl.handle.net/10419/249731

Last update: 10.03.2025, 11:44 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Show original at data provider

Object type

Arbeitspapier

Associated

Medeiros, Marcelo C.
Pires, Henrique
Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia

Time of origin

2021

Other Objects (12)

Arbeitspapier

Forecasting Private Consumption: Survey-based Indicators vs. Google Trends

Forecasting Private Consumption – Survey-based Indicators vs. Google Trends

Arbeitspapier

Forecasting Tourist Arrivals with Google Trends and Mixed Frequency Data

Artikel

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting unemployment with Google Trends: age, gender and digital divide

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting National and Regional Youth Unemployment in Spain Using Google Trends

Arbeitspapier

Google econometrics and unemployment forecasting

Arbeitspapier

Google econometrics and unemployment forecasting

Forschungsbericht | Research report

Google econometrics and unemployment forecasting

Arbeitspapier

Google econometrics and unemployment forecasting

Arbeitspapier

Forecasting Unemployment with Google Searches

Arbeitspapier

Forecasting Private Consumption: Survey-based Indicators vs. Google Trends

Forecasting Private Consumption – Survey-based Indicators vs. Google Trends

Arbeitspapier

Forecasting Tourist Arrivals with Google Trends and Mixed Frequency Data

Artikel

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting unemployment with Google Trends: age, gender and digital divide

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting National and Regional Youth Unemployment in Spain Using Google Trends

Arbeitspapier

Google econometrics and unemployment forecasting

Arbeitspapier

Google econometrics and unemployment forecasting

Forschungsbericht | Research report

Google econometrics and unemployment forecasting

Arbeitspapier

Google econometrics and unemployment forecasting

Arbeitspapier

Forecasting Unemployment with Google Searches

Arbeitspapier

Forecasting Private Consumption: Survey-based Indicators vs. Google Trends

Forecasting Private Consumption – Survey-based Indicators vs. Google Trends

Arbeitspapier

Forecasting Tourist Arrivals with Google Trends and Mixed Frequency Data

Artikel

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting unemployment with Google Trends: age, gender and digital divide

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting National and Regional Youth Unemployment in Spain Using Google Trends

Arbeitspapier

Google econometrics and unemployment forecasting

Arbeitspapier

Google econometrics and unemployment forecasting

Forschungsbericht | Research report

Google econometrics and unemployment forecasting

Arbeitspapier

Google econometrics and unemployment forecasting

Arbeitspapier

Forecasting Unemployment with Google Searches

Cultural heritage institutions wishing to register will find more information here.

Fields marked * need to be filled in.

Username*

Please enter your username

Email*

Please enter your email address

Please do not fill this field

First name

Last name

Password*

Please enter your password

Confirm password*

Please enter the same password

I have read the terms of use and the privacy policy for the collection of personal data and accept them. *

This field is required.

I would like to subscribe to the newsletter of the Deutsche Digitale Bibliothek. See newsletter subscription info.

Account created

Your "My DDB" account has been successfully created. Before you can log in to your account, you must click the confirmation link in the message we just sent to the email address you provided.

The proper use of Google Trends in forecasting models

Object Details

References and Relationships

Classification and Topics

Contributors, Places and Time

Further information

Data provider

Object type

Associated

Time of origin

Other Objects (12)

Forecasting Private Consumption: Survey-based Indicators vs. Google Trends

Forecasting Private Consumption – Survey-based Indicators vs. Google Trends

Forecasting Tourist Arrivals with Google Trends and Mixed Frequency Data

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting unemployment with Google Trends: age, gender and digital divide

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting National and Regional Youth Unemployment in Spain Using Google Trends

Google econometrics and unemployment forecasting

Google econometrics and unemployment forecasting

Google econometrics and unemployment forecasting

Google econometrics and unemployment forecasting

Forecasting Unemployment with Google Searches

Forecasting Private Consumption: Survey-based Indicators vs. Google Trends

Forecasting Private Consumption – Survey-based Indicators vs. Google Trends

Forecasting Tourist Arrivals with Google Trends and Mixed Frequency Data

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting unemployment with Google Trends: age, gender and digital divide

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting National and Regional Youth Unemployment in Spain Using Google Trends

Google econometrics and unemployment forecasting

Google econometrics and unemployment forecasting

Google econometrics and unemployment forecasting

Google econometrics and unemployment forecasting

Forecasting Unemployment with Google Searches

Forecasting Private Consumption: Survey-based Indicators vs. Google Trends

Forecasting Private Consumption – Survey-based Indicators vs. Google Trends

Forecasting Tourist Arrivals with Google Trends and Mixed Frequency Data

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting unemployment with Google Trends: age, gender and digital divide

Forecasting Spanish unemployment with Google Trends and dimension reduction techniques

Forecasting National and Regional Youth Unemployment in Spain Using Google Trends

Google econometrics and unemployment forecasting

Google econometrics and unemployment forecasting

Google econometrics and unemployment forecasting

Google econometrics and unemployment forecasting

Forecasting Unemployment with Google Searches

Related objects

Reset password