A calibrated measure to compare fluctuations of different entities across timescales

A common way to learn about a system’s properties is to analyze temporal fluctuations in associated variables. However, conclusions based on fluctuations from a single entity can be misleading when used without proper reference to other comparable entities or when examined only on one timescale. Her...

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Bibliographic Details
Published in:Scientific reports 2020-11, Vol.10 (1), p.20673-20673, Article 20673
Main Authors: Chołoniewski, Jan, Sienkiewicz, Julian, Dretnik, Naum, Leban, Gregor, Thelwall, Mike, Hołyst, Janusz A.
Format: Article
Language:English
Subjects:
639/705/1046
639/705/531
639/766/530/2803
Bias
Fluctuations
Humanities and Social Sciences
multidisciplinary
Principal components analysis
Science
Science (multidisciplinary)
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Summary:A common way to learn about a system’s properties is to analyze temporal fluctuations in associated variables. However, conclusions based on fluctuations from a single entity can be misleading when used without proper reference to other comparable entities or when examined only on one timescale. Here we introduce a method that uses predictions from a fluctuation scaling law as a benchmark for the observed standard deviations. Differences from the benchmark (residuals) are aggregated across multiple timescales using Principal Component Analysis to reduce data dimensionality. The first component score is a calibrated measure of fluctuations—the reactivity RA of a given entity. We apply our method to activity records from the media industry using data from the Event Registry news aggregator—over 32M articles on selected topics published by over 8000 news outlets. Our approach distinguishes between different news outlet reporting styles: high reactivity points to activity fluctuations larger than expected, reflecting a bursty reporting style, whereas low reactivity suggests a relatively stable reporting style. Combining our method with the political bias detector Media Bias/Fact Check we quantify the relative reporting styles for different topics of mainly US media sources grouped by political orientation. The results suggest that news outlets with a liberal bias tended to be the least reactive while conservative news outlets were the most reactive.
ISSN:2045-2322
2045-2322
DOI:10.1038/s41598-020-77660-4