Analysis with Big Data
Analysis with Big Data latest publications
The US army killed ISIS leader al-Baghdadi. Meanwhile, Turkey brokered separate deals with U.S. and Russia to ensure a safe zone in northern Syria. The UK decided to hold general elections as the EU granted the country a Brexit extension until January 31. The US and China trade war eased with a “phase one” trade deal.
Turkish unemployment data is published with a significant delay (nearly three months), making it difficult to analyze the labor market in advance. In order to assess the evolution of the unemployment in high frequency, we have developed a dynamic model combining both the Business Cycle and Google searches for jobs.
Big data techniques help us to enrich traditional databases with high dimensional data, but there are still some challenges we have to face. Real time data, combined with historical data may end up changing the way in which economists approach empirical questions and the tools they use to answer them.
October 14, 2019
Opportunities and challenges of using big data for policy analysis at BBVA Research
Big data helps us to enrich databases and improve economic indicators, at the same time allow us to understand and represent multidimensional indexes in a simple way. But the use of unstructured and massive data could be a challenge to traditional techniques, making the data treatment a crucial part of the working process.
On the 70th anniversary of China, violent protests took place in Hong Kong. Meanwhile hope has increased for US-China trade talks. US House announced that would officially launch an impeachment inquiry against Trump. In UK, the Brexit agenda has intensified. Drone attacks against Saudi oil facilities have increased risks.
Protests in Hong Kong escalated further in August. Possible Chinese attempts to interfere in the political crisis in Hong Kong could trigger more risks. Meanwhile, China and the United States retaliated against each other with new tariffs signaling that the trade rift will continue for a while.
Digital transformation and technological advances have drastically changed the way in which consumers and businesses interact.
Massive protests have taken place in Hong Kong due to the extradition bill. Tensions between U.S. and China increased. Boris Johnson has been appointed as the new PM of UK. Iran related disputes are still alive. TANAP pipeline project that will carry natural gas to Europe via Turkey has been ended.