What is news analytics and how to apply it?
The quantitative analysis of news streams is labeled as news analytics. It typically describes the full sequence of steps needed to turn news releases into quantitative metrics and time-series. There is a multitude of news analytics applications: First, the scientific analysis of qualitative dimensions of news that have previously been left unexplored. Second, the comparative analysis of event sequences. And finally, various practical applications, such as news-based trading strategies, that trace actual firm behaviors. The figure beneath sketches the analytical framework that is implemented on this website (see step-by-step tutorial) and has been used in various research publications.