Google trends as predictor of grain prices

IF 0.8 Q4 AGRICULTURAL ECONOMICS & POLICY Ekonomika Poljoprivreda-Economics of Agriculture Pub Date : 2021-01-01 DOI:10.5937/EKOPOLJ2101203G
M. Gómez, Carmen Orden-Cruz, Román Prado
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Abstract

This paper examines the predictive power of Google trends on the grain’s futures price movement. The aim was to validate if an algorithmic trading system designed was profitable and able of beating the market. In the research was used data from soybean futures and corn futures, both contracts are listed in the Chicago Mercantile Exchange. The results of the research show that its forecasting power is high when predicting soybean futures and corn futures prices. According to the findings, the formulation of such predictive analysis is a good option for individual traders, investors, and commercial firms. © 2021 EA. All rights reserved.
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谷歌趋势作为粮食价格的预测指标
本文考察了谷歌趋势对粮食期货价格走势的预测能力。其目的是验证设计的算法交易系统是否有利可图并能够击败市场。在研究中使用的数据来自大豆期货和玉米期货,这两种合约都在芝加哥商品交易所上市。研究结果表明,该方法在预测大豆期货和玉米期货价格时具有较高的预测能力。根据研究结果,这种预测分析的制定对于个人交易者,投资者和商业公司来说是一个很好的选择。©2021 EA保留所有权利。
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来源期刊
Ekonomika Poljoprivreda-Economics of Agriculture
Ekonomika Poljoprivreda-Economics of Agriculture AGRICULTURAL ECONOMICS & POLICY-
自引率
50.00%
发文量
19
审稿时长
4 weeks
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