"i have a feeling trump will win..................": Forecasting Winners and Losers from User Predictions on Twitter

Social media users often make explicit predictions about upcoming events. Such statements vary in the degree of certainty the author expresses toward the outcome:"Leonardo DiCaprio will win Best Actor" vs. "Leonardo DiCaprio may win" or "No way Leonardo wins!". Can popular beliefs on social media predict who will win? To answer this question, we build a corpus of tweets annotated for veridicality on which we train a log-linear classifier that detects positive veridicality with high precision. We then forecast uncertain outcomes using the wisdom of crowds, by aggregating users' explicit predictions. Our method for forecasting winners is fully automated, relying only on a set of contenders as input. It requires no training data of past outcomes and outperforms sentiment and tweet volume baselines on a broad range of contest prediction tasks. We further demonstrate how our approach can be used to measure the reliability of individual accounts' predictions and retrospectively identify surprise outcomes.Comment: Accepted at EMNLP 2017 (long paper

Sentiment Analysis of Twitter Data for Predicting Stock Market Movements

Predicting stock market movements is a well-known problem of interest. Now-a-days social media is perfectly representing the public sentiment and opinion about current events. Especially, twitter has attracted a lot of attention from researchers for studying the public sentiments. Stock market prediction on the basis of public sentiments expressed on twitter has been an intriguing field of research. Previous studies have concluded that the aggregate public mood collected from twitter may well be correlated with Dow Jones Industrial Average Index (DJIA). The thesis of this work is to observe how well the changes in stock prices of a company, the rises and falls, are correlated with the public opinions being expressed in tweets about that company. Understanding author's opinion from a piece of text is the objective of sentiment analysis. The present paper have employed two different textual representations, Word2vec and N-gram, for analyzing the public sentiments in tweets. In this paper, we have applied sentiment analysis and supervised machine learning principles to the tweets extracted from twitter and analyze the correlation between stock market movements of a company and sentiments in tweets. In an elaborate way, positive news and tweets in social media about a company would definitely encourage people to invest in the stocks of that company and as a result the stock price of that company would increase. At the end of the paper, it is shown that a strong correlation exists between the rise and falls in stock prices with the public sentiments in tweets.Comment: 6 pages 4 figures Conference Pape