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| The Powerful Tool |
For most people, chirp on Twitter might just be a tool to express opinions and express themselves. However, the scientists successfully take advantage of Twitter could become a powerful tool to predict the stock market conditions.
Recently, researchers in the field of social computing from Indiana University-Bloomington, Johan Bollen assisted student named Huina Mao managed to find a correlation atmosphere people on Twitter with the movement of stocks on Wall Street. As a result, they could predict the Dow to a level approaching 90 percent accuracy".
We can achieve 87.6 percent accuracy rate in predicting the increase and decrease the daily closing Dow Jones Industrial Average," said Johan Bollen Physorg.com quoted by the website.
Bollen and his team took samples from 9.7 million tweet posted by 2.7 million Twitter users between March and December 2008. Seeing the mood of a tracking device based on open source named OpenFinder, Bollen sorting through tweets into positive and negative based on words contained in a tweet.
