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Journals / Central Bank Review / 2018 / Cilt: 18 - Sayı: 2

A text mining application on monthly price developments reports

Hatice Burcu ESKİCİ
NECMETTIN ALPAY KOCAK
Pages
51–60
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

We also showed that how the clusters of MPDRs are significantlyconsistent with the annual CPI inflation figures from statistical point of view.

📌 3 Key Takeaways

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Objective & Hypothesis:Text mining analysis provides big opportunities for economic research.
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Key Findings & Data:Underlying natural language processing techniques allow us to read the monthly price developments reports (MPDR) of the Central Bank of the Republic of Turkey (CBRT) and to analyse the words, to explore topics and clusters inside.
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Conclusion & Impact:We also showed that how the clusters of MPDRs are significantlyconsistent with the annual CPI inflation figures from statistical point of view.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Özet

Text mining analysis provides big opportunities for economic research. Underlying natural language processing techniques allow us to read the monthly price developments reports (MPDR) of the Central Bank of the Republic of Turkey (CBRT) and to analyse the words, to explore topics and clusters inside. Previous literature on CBRT documents has focused on making word clouds, measuring the sentiments and therefore it is limited with text documents. This study sets out to close this gap and extends the text mining analysis to measure the statistical consistency of the MPRDs with the annual consumer price index (CPI) inflation figures for Turkey. In this study, we showed that MPDRs contain intensifying references to core-groups/sectors in evaluation of inflation as well as they are interested in the tendency of inflation rather than its level. We also showed that how the clusters of MPDRs are significantlyconsistent with the annual CPI inflation figures from statistical point of view.

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Cite This Article

ESKİCİ, H. B., KOCAK, N. A. (2018). A text mining application on monthly price developments reports. Central Bank Review, Cilt: 18 - Sayı: 2, 51–60. https://ajindex.com/articles/143267

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