The Emerging Pitfalls Of Nowcasting With Big Data | MIT Technology …

Earlier this year, the European Central Bank held a two-day workshop on big data and how it can be used for forecasting. The headline speaker was Hal Varian, chief economist at Google and a number cruncher of rock star status.
Varian outlined the power of Google Trends and Google Correlate, the company’s big data tools. “With Google Trends, you type in […]