Macroeconomic Forecasting Using Alternative Data: Techniques for Applying Big Data and Machine Learning applies computer science to the demands of macroeconomic forecasting. It is the first book to combine machine learning methods with macroeconomics. By using artificial intelligence and machine learning techniques, it unlocks the increased forecasting accuracy offered by alternative data sources. Through its interdisciplinary approach, readers learn how to use big datasets efficiently and effectively.
Table of Contents
1. The Importance of Macro Prediction2. Macro Data are Noisy
3. Our Goal: Macro Data with Less Noise and Lag
4. Alternate Data
5. A Framework for Alternate Data
6. Predicting Data Releases with Search
7. Modeling Case Study: Non-Farm Payrolls
8. Accounting Data
9. Prediction in Practice
10. Public Good: Visualizing World Economic Growth in Real Time
11. Interviews with Policy Makers and Asset Managers
