Technologically it becomes possible, only the level of precision of results and the usefulness of this type of analysis are still undetermined. It is connected with continuous improvement of tools, analytical systems, eg Business Intelligence, which in analytical processes would use large data sets, historical information and current real time. Improvement of these research techniques will in the future allow to create data based on the sentiment analysis of data contained in the Big Data resources, tools enriching the forecasting methods used to describe the trends of specific economic variables, including primarily macroeconomic ones. Does anyone from you conduct research on this topic? If so, I invite you to cooperation.
It may help in better understanding past trends, but will not be able to fully predict the future, as it does not flow from the past.
Personally I don't do research on this topic, but I can suggest only an interesting paper from some Italian researchers:
https://www.semanticscholar.org/paper/Mercurio%3A-predicting-financial-events-from-expert-Marchesini-Bonfanti/25cce269eb5df28b8ba25a91ab8da6bbfabc3bb6
It could be only possible if you define precisely what you understand under macroeconomic trends and how sentiment analysis can be considered insofar.
I feel that sentiment analysis based on big data can precisely
forecast changes in macroeconomic trends.
Thank you very much for your participation in the discussion. Your remarks, conclusions, theses, research results, scientific considerations are very interesting and enrich the discussions in this topic. Your conclusions are very inspiring to continue the discussion, because you pay attention to the key and particularly important issues of this complex issue. I invite you to continue the discussion People interested in this subject.
The issues of the use of information contained in Big Data database systems for the purposes of conducting Business Intelligence analyzes are described in the publications:
https://www.researchgate.net/publication/323244120_The_Big_Data_technologies_as_an_important_factor_of_electronic_data_processing_and_the_development_of_computerized_analytical_platforms_Business_Intelligence
https://www.researchgate.net/publication/327035102_The_Technological_Solutions_Big_Data_and_the_Importance_of_Business_Analysis_According_to_the_Business_Intelligence_Formula
I invite you to discussion and cooperation. Greetings
I am not a professional in this matter, but I do believe that analyzing consumer trends may be at the heart of this matter.
-Tyler
In the context of the above considerations, the following question is also current:
Prediction techniques are different in individual fields of knowledge. In economics and finance, quantitative instrumental methods based on the analysis of quantitative data and statistical analysis are used. In addition, extrapolations of the trends of diagnosed processes that have been measured and tossed over a specific period of time in the past are used. while in the humanities, in knowledge fields characterized by qualitative specificity, other forecasting methods that may be partly qualitative are also used. In biological sciences, methods for observing changes in various natural, climatic, cosmic phenomena, etc. are used.
I wish you the best in New Year 2019. Best wishes
- Badges
- Science topic
- Similar topics
- Biological Science
- Bioecology
- Systems Ecology
- Landscape Ecology
- Connectivity