In this chapter we provide a step by step approach, accompanied by specific recom-mendations for the use of big data for macroeconomic nowcasting. This step-by-step approach is intended to guide the researcher from the identification and the choice of Big Data to its pre-treatment and econometric modelling until the comparative evaluation of results to obtain a very useful tool for decision about the use or not of Big Data.

Guidance and recommendations on the use of Big data for macroeconomic nowcasting

Marcellino, Massimiliano;
2017

Abstract

In this chapter we provide a step by step approach, accompanied by specific recom-mendations for the use of big data for macroeconomic nowcasting. This step-by-step approach is intended to guide the researcher from the identification and the choice of Big Data to its pre-treatment and econometric modelling until the comparative evaluation of results to obtain a very useful tool for decision about the use or not of Big Data.
2017
9789279688966
Mazzi, Gian Luigi
Handbook on rapid estimates
Kapetanios, George; Marcellino, Massimiliano; Papailias, Fotis
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4013430
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