Trailer - How Analysing Text Data Is Important For Business Decision Making *Meet the Gurus*
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In early 2021 the financial world was rocked by the GameStock (GME) mania when Reddit posts fuelled a sharp rise in the prices of the so-called meme stocks. The frenzy subsided by Feb 2021 and many experts thought it was a one-off. However, 2021 has been punctuated by sharp price rises for many mem stocks, including $CLNE. Elon Musk's tweets have sent Bitcoin prices soaring (and then plunging in May 2021) and made a meme coin, the Dogecoin crypto to reckon with. While the word finance conjures up images of hardcore numbers and quants, finance is driven substantially by human emotions. These examples bear testimony to this fact. Arguably being able to systematically analyze sentiments that underpin written text can provide valuable insights.
In this Meet the Gurus, we will talk about:
What are text analysis and Natural language processing?
How social media is a game-changer for the markets
Analyzing social media to help financial decisions
Some other applications of social media mining and text analysis
#Starweaver #meetthegurus #cryptocurrency #bitcoin #dogecoin #socialmedia #market
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