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PRISM.forecast (version 0.2.1)

Penalized Regression with Inferred Seasonality Module - Forecasting Unemployment Initial Claims using 'Google Trends' Data

Description

Implements Penalized Regression with Inferred Seasonality Module (PRISM) to generate forecast estimation of weekly unemployment initial claims using 'Google Trends' data. It includes required data and tools for backtesting the performance in 2007-2020.

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Install

install.packages('PRISM.forecast')

Monthly Downloads

156

Version

0.2.1

License

GPL-2

Issues

0

Pull Requests

0

Stars

4

Forks

1

Maintainer

Dingdong Yi

Last Published

October 21st, 2020

Functions in PRISM.forecast (0.2.1)

prism

PRISM function
var_generator

PRISM regressors generator
back_test

Out-of-sample prediction for whole period
load_5y_search_data

Load Goolge Trends data and initial claims data
prism_batch

PRISM stage 2 by batch
load_claim_data

Load unemployment initial claims data
evaluation_table

Out-of-sample prediction evaluation