The NY Times has posted an article "Big Data's Grass-Roots Revolution" which discusses how the incredible volumes of data that is being generated can be analyzed by regular folks like you and me. There's also a video by Google's Chief Economist, Val Varian, from the Strata 2012 conference on how one can use Google data for economic forecasting. The beginning of Mr. Varian's speech discusses the correlation of searching for vodka and searching for hangovers.
Here's the link to the NYTimes.com story: http://bits.blogs.nytimes.com/2012/03/02/big-datas-grassroots-revolution/
Link to Hal Varian's talk "Using Google Data for Short-Term Economic Forecasting" at Strata 2012: http://www.youtube.com/watch?feature=player_embedded&v=-I8acYHQ0v0
Here's the link to the NYTimes.com story: http://bits.blogs.nytimes.com/2012/03/02/big-datas-grassroots-revolution/
Link to Hal Varian's talk "Using Google Data for Short-Term Economic Forecasting" at Strata 2012: http://www.youtube.com/watch?feature=player_embedded&v=-I8acYHQ0v0
