An approach to predict Spanish mortgage market activity using Google data

• Marcos González-Fernández ^[1] ; González-Velasco, Carmen ^[1]
  1. [1] Universidad de León

     Universidad de León

     León, España

     
• Localización: Economics and Business Letters, ISSN-e 2254-4380, Vol. 8, Nº. 4, 2019, págs. 209-214
• Idioma: inglés
• DOI: 10.17811/ebl.8.4.2019.209-214
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• Resumen

  • The aim of this paper is to use Google data to predict Spanish mortgage market activity during the period from January 2004 to January 2019. Thus, we collect monthly Google data for the keyword hipoteca, the Spanish expression for mortgage, and then, we perform a regression and an out-of-sample analysis. We find evidence that the use of Google data significantly improves prediction accuracy.

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