Trends Prediction Using Social Diffusion Models

The importance of the ability to predict trends in social media has been growing rapidly in the past few years with the growing dominance of social media in our everyday’s life. Whereas many works focus on the detection of anomalies in networks, there exist little theoretical work on the prediction...

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Main Authors: Altshuler, Yaniv, Pan, Wei, Pentland, Alex Paul
Other Authors: Massachusetts Institute of Technology. Media Laboratory
Format: Article
Language:en_US
Published: Springer-Verlag 2013
Online Access:http://hdl.handle.net/1721.1/79923
https://orcid.org/0000-0002-8053-9983
https://orcid.org/0000-0002-3410-9587
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author Altshuler, Yaniv
Pan, Wei
Pentland, Alex Paul
author2 Massachusetts Institute of Technology. Media Laboratory
author_facet Massachusetts Institute of Technology. Media Laboratory
Altshuler, Yaniv
Pan, Wei
Pentland, Alex Paul
author_sort Altshuler, Yaniv
collection MIT
description The importance of the ability to predict trends in social media has been growing rapidly in the past few years with the growing dominance of social media in our everyday’s life. Whereas many works focus on the detection of anomalies in networks, there exist little theoretical work on the prediction of the likelihood of anomalous network pattern to globally spread and become “trends”. In this work we present an analytic model for the social diffusion dynamics of spreading network patterns. Our proposed method is based on information diffusion models, and is capable of predicting future trends based on the analysis of past social interactions between the community’s members. We present an analytic lower bound for the probability that emerging trends would successfully spread through the network. We demonstrate our model using two comprehensive social datasets — the Friends and Family experiment that was held in MIT for over a year, where the complete activity of 140 users was analyzed, and a financial dataset containing the complete activities of over 1.5 million members of the eToro social trading community.
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spelling mit-1721.1/799232022-10-03T07:57:56Z Trends Prediction Using Social Diffusion Models Altshuler, Yaniv Pan, Wei Pentland, Alex Paul Massachusetts Institute of Technology. Media Laboratory Program in Media Arts and Sciences (Massachusetts Institute of Technology) Altshuler, Yaniv Pan, Wei Pentland, Alex Paul The importance of the ability to predict trends in social media has been growing rapidly in the past few years with the growing dominance of social media in our everyday’s life. Whereas many works focus on the detection of anomalies in networks, there exist little theoretical work on the prediction of the likelihood of anomalous network pattern to globally spread and become “trends”. In this work we present an analytic model for the social diffusion dynamics of spreading network patterns. Our proposed method is based on information diffusion models, and is capable of predicting future trends based on the analysis of past social interactions between the community’s members. We present an analytic lower bound for the probability that emerging trends would successfully spread through the network. We demonstrate our model using two comprehensive social datasets — the Friends and Family experiment that was held in MIT for over a year, where the complete activity of 140 users was analyzed, and a financial dataset containing the complete activities of over 1.5 million members of the eToro social trading community. 2013-08-22T18:06:34Z 2013-08-22T18:06:34Z 2012 Article http://purl.org/eprint/type/ConferencePaper 978-3-642-29046-6 978-3-642-29047-3 0302-9743 1611-3349 http://hdl.handle.net/1721.1/79923 Altshuler, Yaniv, Wei Pan, and Alex Pentland. Trends Prediction Using Social Diffusion Models. In Social Computing, Behavioral - Cultural Modeling and Prediction. S.J. Yang, A.M. Greenberg, and M. Endsley (Eds.) Springer-Verlag, pp. 97–104, 2012. (Lecture notes in computer science ; 7227) https://orcid.org/0000-0002-8053-9983 https://orcid.org/0000-0002-3410-9587 en_US http://dx.doi.org/10.1007/978-3-642-29047-3_12 Social Computing, Behavioral - Cultural Modeling and Prediction Creative Commons Attribution-Noncommercial-Share Alike 3.0 http://creativecommons.org/licenses/by-nc-sa/3.0/ application/pdf Springer-Verlag MIT Web Domain
spellingShingle Altshuler, Yaniv
Pan, Wei
Pentland, Alex Paul
Trends Prediction Using Social Diffusion Models
title Trends Prediction Using Social Diffusion Models
title_full Trends Prediction Using Social Diffusion Models
title_fullStr Trends Prediction Using Social Diffusion Models
title_full_unstemmed Trends Prediction Using Social Diffusion Models
title_short Trends Prediction Using Social Diffusion Models
title_sort trends prediction using social diffusion models
url http://hdl.handle.net/1721.1/79923
https://orcid.org/0000-0002-8053-9983
https://orcid.org/0000-0002-3410-9587
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