Analyst’s Prediction: Amazon will buy Target http://ow.ly/VDhv30hxna2
69 Americans killed annually, on average, by lawnmowers – compared to 2 Americans killed annually, on average, by immigrant Jihadist terrorists http://ow.ly/1ShA30hkqSr
Indian Prime Minister Narendra Modi in a surprise move on 8th November 2016 declared the two largest currency bills (Rs. 1000 and Rs. 500) illegal. This action is primarily targeted towards reducing fake currency that’s in circulation in India and the massive amount of black money that corrupt people hold. It’s too early to discuss whether the move is good or bad. However, it doesn’t stop people from giving their opinions.
There are two primary hashtags on Twitter that are in use – #demonetization and #demonetisation. Note the difference in the spelling. The first is Americal English and the second is British English. I thought it might be interesting to analyze the tweets that used one over the other hashtag. It’s possible that some people used both but the chances are that they didn’t because the hashtags are long and take up too much space.
My hypothesis was that the tweets with hashtags with British spelling will be more negative because they are likely to originate from India. Like the people in most countries, Indians are also quite vocal on Twitter. Besides it is massively gamed by all the political parties. Currently all the opposition parties in India have opposed the move so I expected that they must be funding negative publicity on Twitter. They are likely to use the hashtag with British spelling.
On the other hand, many non resident Indians are likely to be unaffected by this move. The apparent benefits to the economy are large while the cost to individuals who don’t live in India is small. So the people who are using the Americam spelling are likely to be more positive about demonetization.
However, many foreign publications such as CNN, NY Times, WaPost, etc. may also tweet about this with the American hashtag. From my past experience, these publications have a severe bias against righ wing parties and Modi in general. This will likely make the comparison more difficult.
I downloaded 5,000 tweets for each hashtag. After cleaning the tweets and running a simple text analysis for identifying the sentiment as positive, negative, or neutral, this is what I found.
So we have almost twice as much tweets with positive sentiment for demonetization. Note that these tweets used the American English spelling. Now let’s take a look at the British spelling.
Well, I get the samle pattern with about double the tweets with positive sentiment than negative sentiment! So I can’t reject the null hypothesis of no difference. In other words, this will always remain a blog post 😉
Just for fun, I also plotted the wordcloud for both.
Flying on US domestic airlines is a nightmare. The customer service is pathetic, the staff unfreindly, the airlines charge for every small thing…the list goes on and on.
University of Michigan carries out surveys of American customers and publishes the average scores annually as American Customer Satisfaction Index (ACSI). You can check the scores for several industries by visiting their website. For airlines, the chart looks like this:
The airlines appear in descending order of the 2015 ACSI scores, which range from 81 for JetBlue to 54 for Spirit.
ACSI is published for a given brand only once a year. But companies are interested in knowing about customer satisfaction round the clock. So I decided to use Twitter sentiment as a measure for customer satisfaction. This is a very rough exerise to see whether we get any results that have face validity. My students will realize that, for airlines, Twitter is one of the key social networks for addressing customer complaints. Therefore, Twitter will likely capture customer satisfaction in real time. So the validity is actually about ACSI and not about Twitter sentiment. However, there is a commonly discussed issue about Twitter — it’s not representative of the general population. Still, we must keep in mind that ACSI may not be a good representative of American flyers sentiment either.
I decided to focus on the 9 airlines for which the ACSI scores for 2015 are available – JetBlue, Southwest, Alaska, Delta, American Air, Allegiant, United, Frontier, and Spirit. The graph looks as follows:
The average score for these 9 airlines is 68.11. As the maximum possible ACSI score is 100, 68 is not a great score. However, I am amazed at how thoroughly the epxectations of American flyers have gone down. I am sure that if the survey respondents were from Asia, you would get an average of less than 50. But that’s a story for another post where I will compare the sentiment about the best airlines including Singapore Airlines, Emirates, Qatar, etc.
Next, I went on Twitter and downloaded tweets that were directed at these airlines. My condition was simply that the Twitter handle of the airline should appear in the tweet. For example, a tweet mentioning @JetBlue would indicate that this is a tweet targeted towards JetBlue and therefore should be included for the analysis. I carried out this data collection on 2 April 2016 from Singapore. Following this, I categorized the tweets as either positive, negative, or neutral. To compare to ACSI, I created a metric similar to Net Promoter Score (NPS). The formula for that is given as follows:
Here is the graph when I plotted net sentiment scores of all the 9 airlines:
The score is bounded between -1 and 1. If all the tweets are negative then the score will be -1 and if all the tweets are positive then the score will be 1.
The average score is 0.19, which is around 60% of the scale range (1.19/2.0). We see that similar to ACSI graph, 4 airlines–JetBlue, Alaska, Southwest, and Delta–are above the mean while remaining 5 are below the mean. Interestingly, these are the same 4 airlines which have above average scores on ACSI. The ordering is a bit off though. In order to better compare the two graphs, I decided to plot them in the same space. However, for that I need to have the same scale. For the sake of convenience I decided to use Z-scores.¹
I find that the correlation is high at 0.77. It’s also statistically significant with a p-value equal to 0.016. However, notice that we have only 9 observations, which means that the standard error is likely to be high. Actually the 95% confidence interval for the correlation coefficient is pretty wide [0.21, 0.95] but the lower level is still comfortably far from 0.
I think that ACSI is doing a fair job of capturing customer satisfaction of American air travellers. It corresponds to the Twitter sentiment quite well. It’s worth noting that I am comparing the survey results, which were collected over 1-2 months period in 2015 with tweets that were sent on or slightly before 2 April 2016. It would be worth studying how Twitter sentiment fluctuates over a period of time. This is my next assignment once I am done with the sentiment analysis of top ranked airlines.
In case you are interested in individual airlines sentiment charts, you can view them here:
¹ Z-score of any variable has 0 average and 1 standard deviation.
I was trying out a cool new R package forbesListR, which lets you download lists from Forbes website. The package still needs a lot of work but I could download data on India’s 100 richest people from 2012 to 2015. As I was playing around with the data, I decided to plot it out using the following ggplot2 code
library(forbesListR) library(dplyr) library(ggplot2) library(scales) library(ggthemes) ggplot(a, aes(x=reorder(name,rank),y=net_worth.millions,fill=year2)) + geom_bar(stat=&quot;identity&quot;,position = position_dodge(width=0.9)) + geom_text(aes(label=scales::comma(net_worth.millions), angle=90), position = position_dodge(width=0.9),vjust=0.2,hjust= 1.2,color=&quot;white&quot;) + theme_fivethirtyeight() + scale_y_continuous(labels = scales::comma) + xlab(&quot;Name&quot;) + ylab(&quot;Net Worth in Million $&quot;) + guides(fill=guide_legend(title=NULL)) + ggtitle(&quot;Net Worth in Million $&quot;)
In my code, “a” was the edited list of 10 richest Indians.
I deleted Hinduja family and Godrej family from the data although they were in the top 10 and instead decided to focus on individuals. You can download the data from here.
Mukesh Ambani is still the richest Indian although Dilip Shangvi is a close second. I thought that Gautam Adani’s rise in 2014 and 2015 is quite interesting. Similarly, Cyrus Poonawalla has increased its net worth substantially in these two years. On the other hand, Laxmi Mittal lost more than $ 4.5 billion due to falling steel prices.
Finally, Shiv Nadar of HCL increased his worth from $5.6 billion in 2012 to a staggering $12.9 billion in 2015. I think he has been a clear winner.
I always believed that Instagram filters are what made Instagram such a big hit. Otherwise Instagram was just another photo sharing app. When I started using Instagram, I used to try many filters before settling on one and sharing my picture. Over the period of time, I started sharing pictures without any filters — also known as a “Normal” filter because of my laziness. Recently I wondered whether my behavior was peculiar or many other people were also using Normal filter while sharing pictures on Instagram. Accordingly, I did a quick and dirty analysis using pictures collected from Orchard Road area in Singapore. Why Orchard? Well, let’s just say because Orchard is one of the most frequented tourists spots in Singapore, which makes my analysis more representative.
I carried out analysis on the pictures collected in January-February months of 2014, 2015, and 2016. This makes comparison easier and more uniform. As the filters offered by Instagram changed over the 2 years period, I am not plotting all the filter counts for 3 years on the same graph. Instead I show you 3 separate graphs — one for each year. Also, I show bars on the graph only for filters which were used more than 500 times in the 2 months period. This is arbitrary but it helps me depict a meaningful bar graphs. All the filters with <= 500 pictures were combined and labeled “Other”, which will show up in the graphs.
Without further ado, here are the three graphs:
Well, I am not an outlier! It turns out that at least from 2014, people have been using Normal filter (basically no filter) more than any other filter. The percentages of pictures with Normal filter were 59% in 2014, 73% in 2015, and 65% in 2016.
It’s tough to say why people selected the filters they did. My hypothesis is that people are lazy and so they will go with the default. “Normal” filter is the default so it’s picked up the most often. Now Instagram has been changing the filters so I don’t know how they were arranged in 2014 or 2015. But for 2016, the ordering was as follows:
Clarendon and Gingham are the next two filters shown by Instagram after Normal, which are also the next two most commonly used filters in Orchard area! After that, the filter ranking in the graph loses correlation with the Instagram’s default ordering of filters. Perhaps, this indicates that non-lazy people actually hunt down the filter that gives them the best looking result. Still Juno and Lark, which are 5th and 6th on my 2016 graph, appear on 7th and 5th position in the Instagram ordering. Hudson, Sierra, and X-Pro II which are at the end on my bar graph, also appear in Instagram ordering towards the end. It seems that there is some support for the “lazy” hypothesis!
If you have more to add, please share your insights in the comments.
Below you will find a subset of slides I used in my social media marketing master class on 5th December 2013.