Yesterday I posted a discussion over in the Astrology section relating to using current
statistical analysis methods with astrology. In addition, there was a general question regarding
the study of economics and predictives.
Well, today there is an announcement of just this type of thing.
An analysis by Johan Bollen at Indiana University and associates
of almost 10 million tweets from 2008 shows how they can be used to predict stock market movements up to 6 days in advance.
The correlation is quite interesting. As far as I know of this is the first time that emotional data has been used to predict economic events.
Could this be the beginnings of a form of psychohistory?
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Note: The study results are included in the attached .pdf