As indicated in class, the main motivation for using Google Trends data is that the average person will search for information on the internet before taking appropriate action. Hence, Google searches using the keyword “Parks and Recreation” would reflect a happy population that enjoys leisure. Likewise, Google searches using the keyword “Luxury Cars” would reflect a wealthier population that can afford expensive goods. Hence, a study of the relationship between happiness and wealth could be conducted by examining the correlation between the search intensity index for “Parks and Recreation” and “Luxury Cars”. (a) Use Google Trends search volume related to two keywords, happiness, as measured by the Google search intensity index for “Parks and Recreation” and wealth, as measured by the search intensity index for “Luxury Cars” in Canada from 2004, the earliest date of data availability, to present. Copy and paste the graph as part of the assignment. (b) Extract the data and compute the correlation between happiness and wealth and use this information to comment on the relationship between happiness and wealth in Canada (i.e., positive relationship, negative relationship or no relationship) (c) Is the correlation you found in part (b) surprising to you? Briefly explain.
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As indicated in class, the main motivation for using Google Trends data is that the average person will search for information on the internet before taking appropriate action. Hence, Google searches using the keyword “Parks and Recreation” would reflect a happy population that enjoys leisure. Likewise, Google searches using the keyword “Luxury Cars” would reflect a wealthier population that can afford expensive goods. Hence, a study of the relationship between happiness and wealth could be conducted by examining the
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