A Bayesian-Based Approach for Public Sentiment Modeling
Yudi Chen, Wenying Ji, Qi Wang · 2019
Public sentiment is a direct public-centric indicator for planning effective actions. Despite its importance, systematic and reliable modeling of public sentiment remains untapped in previous studies. This research aims to develop a Bayesian-based approach for quantitative public sentiment modeling, which is capable of incorporating the inherent uncertainty of interviewed dataset. This study comprises three steps: (1) quantifying prior sentiment information and new sentiment observations with Dirichlet distribution and multinomial distribution respectively; (2) deriving the posterior distribution of sentiment probabilities through incorporating the Dirichlet distribution and multinomial distribution via Bayesian inference; and (3) measuring public sentiment through aggregating sampled sets of sentiment probabilities with an application-based measure. A case study on Hurricane Harvey is provided to demonstrate the feasibility and applicability of the proposed approach. The developed approach also has the potential for modeling all types of probability-based measures.