C8 - Data Collection and Data Estimation Methodology; Computer Programs - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T04:34:06+00:00Big Data Analysis: The Next Frontier
https://www.bankofcanada.ca/wp-content/uploads/2013/08/boc-review-summer13-armah.pdf
The formulation of monetary policy at the Bank of Canada relies on the analysis of a broad set of economic information. Greater availability of immediate and detailed information would improve real-time economic decision making. Technological advances have provided an opportunity to exploit “big data” - the vast amount of digital data from business transactions, social media and networked computers. Big data can be a complement to traditional information sources, offering fresh insight for the monitoring of economic activity and inflation.2013-08-15T08:46:14+00:00enBig Data Analysis: The Next Frontier2013-08-15