text: The Olympic Games are an important sporting event with notable consequences for the general economic landscape of the host city. Traditional economic assessments focus on the aggregated impact of the event on the national income, but fail to provide micro-scale insights on why local businesses will benefit from the increased activity during the Games. In this paper we provide a novel approach to modeling the impact of the Olympic Games on local retailers by analyzing a dataset mined from a large location-based social service, Foursquare. We hypothesize that the spatial positioning of businesses as well as the mobility trends of visitors are primary indicators of whether retailers will rise their popularity during the event. To confirm this we formulate a retail winners prediction task in the context of which we evaluate a set of geographic and mobility metrics. We find that the proximity to stadiums, the diversity of activity in the neighborhood, the nearby area sociability, as well as the probability of customer flows from and to event places such as stadiums and parks are all vital factors. Through supervised learning techniques we demonstrate that the success of businesses hinges on a combination of both geographic and mobility factors. Our results suggest that location-based social networks, where crowdsourced information about the dynamic interaction of users with urban spaces becomes publicly available, present an alternative medium to assess the economic impact of large scale events in a city.
  @cite_18: Social media channels such as Twitter have emerged as platforms for crowds to respond to public and televised events such as speeches and debates. However, the very large volume of responses presents challenges for attempts to extract sense from them. In this work, we present an analytical method based on joint statistical modeling of topical influences from the events and associated Twitter feeds. The model enables the auto-segmentation of the events and the characterization of tweets into two categories: (1) episodic tweets that respond specifically to the content in the segmentsof the events, and (2) steady tweets that respond generally about the events. By applying our method to two large sets of tweets in response to President Obama's speech on the Middle East in May 2011 and a Republican Primary debate in September 2011, we present what these tweets were about. We also reveal the nature and magnitude of the influences of the event on the tweets over its timeline. In a user study, we further show that users find the topics and the episodic tweets discovered by our method to be of higher quality and more interesting as compared to the state-of-the-art, with improvements in the range of 18-41 .
  @cite_19: Twitter, as a form of social media, is fast emerging in recent years. Users are using Twitter to report real-life events. This paper focuses on detecting those events by analyzing the text stream in Twitter. Although event detection has long been a research topic, the characteristics of Twitter make it a non-trivial task. Tweets reporting such events are usually overwhelmed by high flood of meaningless “babbles”. Moreover, event detection algorithm needs to be scalable given the sheer amount of tweets. This paper attempts to tackle these challenges with EDCoW (Event Detection with Clustering of Wavelet-based Signals). EDCoW builds signals for individual words by applying wavelet analysis on the frequencybased raw signals of the words. It then filters away the trivial words by looking at their corresponding signal autocorrelations. The remaining words are then clustered to form events with a modularity-based graph partitioning technique. Experimental results show promising result of EDCoW.
  @cite_16: In this paper we examine the effectiveness of using a filtered stream of tweets from Twitter to automatically identify events of interest within the video of live sports transmissions. We show that using just the volume of tweets generated at any moment of a game actually provides a very accurate means of event detection, as well as an automatic method for tagging events with representative words from the tweet stream. We compare this method with an alternative approach that uses complex audio-visual content analysis of the video, showing that it provides near-equivalent accuracy for major event detection at a fraction of the computational cost. Using community tweets and discussion also provides a sense of what the audience themselves found to be the talking points of a video.
  @cite_13: In this work, we study the use of Twitter by House, Senate and gubernatorial candidates during the midterm (2010) elections in the U.S. Our data includes almost 700 candidates and over 690k documents that they produced and cited in the 3.5 years leading to the elections. We utilize graph and text mining techniques to analyze differences between Democrats, Republicans and Tea Party candidates, and suggest a novel use of language modeling for estimating content cohesiveness. Our findings show significant differences in the usage patterns of social media, and suggest conservative candidates used this medium more effectively, conveying a coherent message and maintaining a dense graph of connections. Despite the lack of party leadership, we find Tea Party members display both structural and language-based cohesiveness. Finally, we investigate the relation between network structure, content and election results by creating a proof-of-concept model that predicts candidate victory with an accuracy of 88.0 .
  @cite_11: Twitter has become exceedingly popular, with hundreds of millions of tweets being posted every day on a wide variety of topics. This has helped make real-time search applications possible with leading search engines routinely displaying relevant tweets in response to user queries. Recent research has shown that a considerable fraction of these tweets are about "events," and the detection of novel events in the tweet-stream has attracted a lot of research interest. However, very little research has focused on properly displaying this real-time information about events. For instance, the leading search engines simply display all tweets matching the queries in reverse chronological order. In this paper we argue that for some highly structured and recurring events, such as sports, it is better to use more sophisticated techniques to summarize the relevant tweets. We formalize the problem of summarizing event-tweets and give a solution based on learning the underlying hidden state representation of the event via Hidden Markov Models. In addition, through extensive experiments on real-world data we show that our model significantly outperforms some intuitive and competitive baselines.
summary: The power of social media for the automated analysis of real-world events has been universally recognized @cite_11 . The large volumes of timely user-generated content in response to public events such as election campaigns allow the extraction of event insights not easily obtainable via alternative means @cite_18 @cite_13 . Social media users act as sensors that empower the development of real-time event detection methodologies @cite_19 @cite_16 . We follow the trends of employing social media for our analysis, and take advantage of location-based services data to automate the impact assessment of a major sports event.