2min chapter

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Predicting Stock Prices

Data Skeptic

CHAPTER

Can You Measure Consumer Confidence From on Line News?

Consumer confidence index is based on news and social media. It's a way of measuring people's feelings about the current and future stage of the economy, as well as their households. People are very much affected by the news, and they make purchasing decisions. So i'm not saying we should replace it and the survey, its not neccessary any more. But i'm saying if the surveyis every three months, we can get an estimate,. which could be what could be the consumer confidence every month through our indicator.

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