Internet Data Mining for Investment Analysis

Posted by ScuttleMonkey on Wednesday February 15, 2006 @01:31AM from the real-time-economic-snapshot dept.

CaroKann writes "Reuters is reporting on a Wall Street investment research company, Majestic Research, that is using web crawling techniques to track business performance. Instead of attempting to estimate business conditions by talking to company management, or pounding the pavement visiting stores, this company uses data mining systems to collect real-time sales data and other information on companies that have a web presence. Using this data, Majestic attempts to estimate company earnings more accurately than traditional research outfits."

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Re:Several groups do this by Uber+Banker · 2006-02-15 05:17 · Score: 0, Flamebait

Nice examples, very nice. Sounds like a company with some innovative ideas, which are sadly rare in larger financial institutions. While you were unsure of their clients, do you have any published success rates, or even their name?

The reason? I just may send my CV off!