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dc.contributor.author | Bacchini, Fabio![]() |
es_ES |
dc.contributor.author | Iannaccone, Roberto![]() |
es_ES |
dc.contributor.author | Zurlo, Davide![]() |
es_ES |
dc.date.accessioned | 2018-11-05T08:45:25Z | |
dc.date.available | 2018-11-05T08:45:25Z | |
dc.date.issued | 2018-09-07 | |
dc.identifier.isbn | 9788490486894 | |
dc.identifier.uri | http://hdl.handle.net/10251/111849 | |
dc.description | Resumen de la comunicación | es_ES |
dc.description.abstract | [EN] In our paper we discuss the possibility to use Big Data on payment instruments to improve the short-term forecast of Italian household consumption. The literature on forecasting has evolved rapidly in the last few years. Several papers have been focused on the use of variable selection methods on large dataset of economic indicators that can potentially improve the forecasting of the main macroeconomic variables. The variable selection methods implemented anyway are always based on economic indicator (soft or hard) released by the Statistical Offices. More recently given the presence of several sources of data on real-time economic activity available from Google, MasterCard, Facebook and many others, the use of Big data for macroeconomic forecasting has started to be exploited. With respect to Official Statistics Big data could provide potentially important complementary information based on different information sets. Moreover, compared to economic indicators, Big data are timely available and, generally, not subject to any revision process. Between different Big data possible sources, data on payment instruments (cheques, credit transfers, direct debits, payment cards) represent a relevant source of information for short-term forecasting of the main macroeconomic variables. Concerning consumption, they capture a wide range of spending activities and are available on a very timely basis. One of the issue of Big data anyway is to structure them in a statistical form. To reach this aim data needs to be controlled for outliers and then seasonally adjusted. The ability of retail payment data to forecast the short-term development of household consumption (both for durable and non-durable goods) has been tested compared to traditional benchmark. | es_ES |
dc.format.extent | 1 | es_ES |
dc.language | Inglés | es_ES |
dc.publisher | Editorial Universitat Politècnica de València | es_ES |
dc.relation.ispartof | 2nd International Conference on Advanced Reserach Methods and Analytics (CARMA 2018) | es_ES |
dc.rights | Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) | es_ES |
dc.subject | Web data | es_ES |
dc.subject | Internet data | es_ES |
dc.subject | Big data | es_ES |
dc.subject | QCA | es_ES |
dc.subject | PLS | es_ES |
dc.subject | Householed consumption | es_ES |
dc.subject | SEM | es_ES |
dc.subject | Conference | es_ES |
dc.title | Using big data at Istat: forecasting consumption | es_ES |
dc.type | Capítulo de libro | es_ES |
dc.type | Comunicación en congreso | es_ES |
dc.identifier.doi | 10.4995/CARMA2018.2018.8575 | |
dc.rights.accessRights | Abierto | es_ES |
dc.description.bibliographicCitation | Bacchini, F.; Iannaccone, R.; Zurlo, D. (2018). Using big data at Istat: forecasting consumption. En 2nd International Conference on Advanced Reserach Methods and Analytics (CARMA 2018). Editorial Universitat Politècnica de València. 268-268. https://doi.org/10.4995/CARMA2018.2018.8575 | es_ES |
dc.description.accrualMethod | OCS | es_ES |
dc.relation.conferencename | CARMA 2018 - 2nd International Conference on Advanced Research Methods and Analytics | es_ES |
dc.relation.conferencedate | Julio 12-13,2018 | es_ES |
dc.relation.conferenceplace | Valencia, Spain | es_ES |
dc.relation.publisherversion | http://ocs.editorial.upv.es/index.php/CARMA/CARMA2018/paper/view/8575 | es_ES |
dc.description.upvformatpinicio | 268 | es_ES |
dc.description.upvformatpfin | 268 | es_ES |
dc.type.version | info:eu-repo/semantics/publishedVersion | es_ES |
dc.relation.pasarela | OCS\8575 | es_ES |