IU professor using Twitter to predict stock market
Posted: Feb 22, 2013 10:21 PM EDT | Updated: Nov 5, 2014 6:49 PM EDT
Some use it for networking, and others for breaking news, but one IU professor said he can use Twitter to predict the stock market.
It's park of a method he created to follow all tweets and bases them on emotional content. It takes words and phrases to predict how the stock market will do.
The professor said its accuracy varies, but some tests have shown it to be 86% accurate on predicting the DOW.