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| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidad Nacional Autónoma de México
2019
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| Online Access: | https://www.redalyc.org/articulo.oa?id=39571725013 https://www.redalyc.org/journal/395/39571725013/ https://www.redalyc.org/journal/395/39571725013/html/ https://www.redalyc.org/journal/395/39571725013/39571725013.epub https://www.redalyc.org/journal/395/39571725013/movil |
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Table of Contents:
- The Google trends effect on the behavior of the exchange rate Mexican peso - US dollar Mario Durán Bustamante Adrián Hernández del Valle Ambrosio Ortiz Ramírez Administración y Contabilidad C01 F31 C13 Volatility Google trends We show the advantage of using Google search engine trends to forecast the volatility of the short-term (weekly) exchange rate between the Mexican peso and United States dollar. We perform a comparison of models in the literature that have used Google Trends to examine explanatory variables. Some of the models are based on time series, whereas others are based on the similarity function, which captures the cognitive form of human reasoning. For example, an investor who needs to know the value that a variable will take in the future will take into account relevant, known, and available information, and weigh it to calculate the forecast. We conclude that taking into account the Google Trends variable helps explains partially the behaviour of volatility; and it is necessary to incorporate more aggregation levels. Moreover, to the best of our knowledge, literature on the subject of using Google Trends to explain relevant economic variables is relatively scarce. 2019 artículo científico 0186-1042 https://www.redalyc.org/articulo.oa?id=39571725013 https://www.redalyc.org/journal/395/39571725013/ https://www.redalyc.org/journal/395/39571725013/html/ https://www.redalyc.org/journal/395/39571725013/39571725013.epub https://www.redalyc.org/journal/395/39571725013/movil 10.22201/fca.24488410e.2018.1710 en http://www.redalyc.org/revista.oa?id=395 Contaduría y Administración application/pdf Universidad Nacional Autónoma de México Contaduría y Administración (México) Num.2 Vol.64