Research Briefing | Aug 30, 2023

Whitepaper: Using Alternative Data

Alternative data are a promising area of economic forecasting and analysis. They address some of the key shortcomings of the standard aggregate macroeconomic data, including relatively low frequency and lagging releases. Novel indicators such as mobility, electricity consumption, internet searches, or credit card transactions allow us to track economic developments and trends with a much shorter lag, at a much higher frequency, and often on a much more granular scale. Alternative data leverages the digital revolution, the continuous shift of economic activity online, and the associated rapid increase in data collection and availability.

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