Using Twitter To Track Lady Gaga - Oh, And Flu

Sunday, July 20, 2014 - 15:50 in Mathematics & Economics

A site called Social Predictor (sociadictor.com) predicts future trends based on the number of tweets, sentiment of tweets, number of news stories and sentiment of the news stories about celebrities and culture. It can also try and predict stock prices or daily sales of a product, based on the chatter related to user-input keywords, such as a stock ticker or the name.The creators said trading strategy based on their model outperformed other baseline strategies by between 1.4 percent and nearly 11 percent and did better than the Dow Jones Industrial Average during a four-month simulation.  read more

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