Schmidt, Torsten; Vosen, Simeon - Rheinisch-Westfälisches Institut für … - 2009
In this study we introduce a new indicator for private consumption based on search query time series provided by Google … Trends. The indicator is based on factors extracted from consumption-related search categories of the Google Trends … Index. The results show that in almost all conducted in-sample and out-of-sample forecasting experiments the Google …