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The Influence of the Politicians on Macroeconomic Performance: An Analysis of Donald Trump’s Tweets

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Data Science and Multiple Criteria Decision Making Approaches in Finance

Part of the book series: Multiple Criteria Decision Making ((MCDM))

Abstract

The aim of this study is to understand the role of the politicians on the macroeconomic situation of the countries. For this purpose, the tweets of Donald Trump are taken into consideration. Text mining approach is used to evaluate these tweets and most used words are identified. Next, all-important keywords are matched with significant topics and 4 different classes are identified for this condition, which are financial, social, military, and political issues. After that, these keywords are ranked with the help of fuzzy VIKOR approach according to their impacts on macroeconomic performance. In this context, five different factors are also defined, which represent macroeconomic performance that are economic growth, unemployment, inflation, international trade, and industrial development. The findings show that political and economic factors are the most important items which affect macroeconomic situation of the country. It is recommended that politicians should not make negative explanations about political and financial conditions in order not to have unfavorable results in the economic activities.

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Author information

Authors and Affiliations

  1. Kavacık South Campus, Istanbul Medipol University, Istanbul, Turkey

    Gökhan Silahtaroğlu

  2. School of Business, Istanbul Medipol University, Istanbul, Turkey

    Hasan Dinçer

  3. Business and Management, Istanbul Medipol University, Istanbul, Turkey

    Serhat Yüksel

Authors
  1. Gökhan Silahtaroğlu
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  2. Hasan Dinçer
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  3. Serhat Yüksel
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Appendices

Appendix 1

Key Terms and Definitions

TOPSIS::

Technique for Order Preference by Similarity to Ideal Solution

US::

United States

VIKOR::

VIseKriterijumska Optimizacija I Kompromisno Resenje

Appendix 2

Table 5.4 Fuzzy decision matrix of decision makers for Alternative 1
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Table 5.5 Fuzzy decision matrix of decision makers for Alternative 2
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Table 5.6 Fuzzy decision matrix of decision makers for Alternative 3
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Table 5.7 Fuzzy decision matrix of decision makers for Alternative 4
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Table 5.8 Fuzzy decision matrix
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Table 5.9 The values of \( \overset{\sim }{f_j^{\ast}\;} \) and \( \overset{\sim }{f_j^{-}\;} \)
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Table 5.10 The values of Si, Ri, and Qi for final ranking (v:0.5)
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Table 5.11 Qi and ranking results for several v values
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Silahtaroğlu, G., Dinçer, H., Yüksel, S. (2021). The Influence of the Politicians on Macroeconomic Performance: An Analysis of Donald Trump’s Tweets. In: Data Science and Multiple Criteria Decision Making Approaches in Finance. Multiple Criteria Decision Making. Springer, Cham. https://doi.org/10.1007/978-3-030-74176-1_5

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