ONE of the projects that the UN Global Pulse has conducted so far is to compare online conversations with official national statistics to gain a better understanding of unemployment trends. This was carried out in the United States and Ireland over a period of three months.
“The main finding was that it was possible to use online data that is publicly available to provide accurate predictive indications of a pending spike in unemployment,” says I-Sah Hsieh, global manager of international development at analytics software development company, SAS Institute (SAS).
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