#2498. A Discussion of “Text Selection”

September 2026publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript3000 $

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Journal’s subject area:
Social Sciences (miscellaneous);
Statistics and Probability;
Statistics, Probability and Uncertainty;
Economics and Econometrics;
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Abstract:
Kelly, Manela, and Moreira have proposed an economic model for the choice of words in text. The writer is modeled as a person who first chooses whether to use a word at all (choice problem) and then decides how often the chosen word should be used (positive counting problem). The resulting model results in better sufficient abbreviation of large numbers of words / phrases in the text, as demonstrated by a wide variety of applications using information obtained from the front page of the Wall Street Journal, for example, the regulatory capital ratio of banks last week, and forecasting US macroeconomic variables.
Keywords:
Macroeconomic forecasting; Text analysis; Text selection

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