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Friday, September 11, 2015

Predicting Economic Change with Smart Phone Activity

Clever approach and data source.  We looked at other measures like creativity with related methods.

Can mobile phone data predict economic change?
" ... This paper describes a structural break model to correctly detect the date of a mass layoff; a Bayesian classification model to identify affected individuals; and a method of applying features identified at the micro level to improve forecasts of macro unemployment rates—all using call detail records (CDRs) from mobile phones.....  "

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