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- W3154691569 abstract "Using a unique dataset of 22.5 million news articles from the Dow Jones Newswires Archive, we perform an in depth real-time out-of-sample forecasting comparison study with one of the most widely used data sets in the newer forecasting literature, namely the FRED-MD dataset. Focusing on U.S. GDP, consumption and investment growth, our results suggest that the news data contains information not captured by the hard economic indicators, and that the news-based data are particularly informative for forecasting consumption developments." @default.
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- W3154691569 date "2020-01-01" @default.
- W3154691569 modified "2023-09-27" @default.
- W3154691569 title "News Media vs. FRED-MD for Macroeconomic Forecasting" @default.
- W3154691569 hasPublicationYear "2020" @default.
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