Introduction My work involves the use and the development of topic modeling algorithms. A surprising challenge I have had is communicating the output of topic modeling algorithms to people not familiar with text analytics. Here is my 10 cents explanation of the LDA output to my econ friends.
The use of text data for economic analysis is gaining attractions. One popular analytical tool is Latent Dirichlet Allocation (LDA), also called topic modeling (Blei, Ng, and Jordan 2003).