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.
This PRISM package aims to generate forecast estimation of weekly unemployment initial claim data. The methodology is based on the paper 'Forecasting unemployment using Internet search data via PRISM' (see reference).
**** Install ****
Installation through GitHub: "devtools::install_github('ryanddyi/prism')".
**** Contact ****
Dingdong Yi ([email protected])