Tailspotting: Identifying and profiting from CEO vacation trips
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For those not aware, ADS-B is essentially a transmitter in aircraft that periodically report registration number, altitude, GPS coordinates, and airspeed. This is to supplement the current air traffic control system, and eventually take it over. This data is in real time, and not delayed or censored like the FAA supplied data feeds are.
It is not encrypted, so anyone with an antenna and the proper equipment can get the location information of every equipped aircraft within usually a 50-250mi radius, depending on antenna height, receiver quality, topology, etc. While many US domestic aircraft are not so equipped, this is rapidly changing as I believe all must be by 2022. Any aircraft that ever enters European airspace must be equipped, so that means for practical purposes any International flight can be tracked. This includes most corporate jets which are used to fly anywhere but within the United States.
It's trivial to decode in software, and I run a couple installations with hacked up USB DBS TV dongles. They are not the highest quality (a few enterprising folks sell custom ASIC/boards for doing this better), but are cheap and easy to make work.
It's a fun project to hack on for a weekend, I learned a bit about software defined radio among other things. Even fixed a bug in some code that accidentally calculated the aircraft's location to the wrong hemisphere :) Turns out GPS math is somewhat interesting, in the way they encode the data for the little bandwidth available.
This is also the data that powers flightradar24, and probably some other sites out there. Basically a network of enthusiasts that run antenna installations reporting their data to a central server for visualization.
I brought a small antenna and box on vacation with me to Jamaica a couple years back, and was able to track aircraft a good 300nm+ off the coast from the beach. It was fun watching the tracks route around storms and such.
dump1090[3] is the particular project for decoding ADS-B broadcasts.
With £15 of equipment (USB Tuner and some TV coax hacked into an antenna) I'm looking at aircraft 200+nm away [4] (though today's weather doesn't help).
[1] http://sdr.osmocom.org/trac/wiki/rtl-sdr [2] http://www.rtl-sdr.com/ [3] https://github.com/antirez/dump1090 [4] http://i.imgur.com/jncyTIe.png
Notably, right now ADS-B coverage is not very thorough, especially in the US. Most aircraft are not equipped with ADS-B transmitters. The restricted feeds like the one the FAA supplies are still essential to getting thorough coverage in some areas.
http://www.harrowell.org.uk/blog/2011/01/09/a-quick-howto/ - aircraft investigation resources
http://www.harrowell.org.uk/blog/2012/07/23/o-rly/ - Suspicious Iran-to-Syria flights
http://www.harrowell.org.uk/blog/2009/12/23/mystery-jet-upda... - mystery 727 in a desert
Having said that, there is plenty of interesting papers in this area, and from the abstract, this paper seems to take an interesting approach too.
Actually, I think the bigger point is that researcher's rarely "tell all." Just like Moriarty in the final episode of Season 2 of Sherlock (on BBC 2013-2014), sometimes a work is created as an advertisement demonstrating the ability to draw larger returns. Those intimate with the data will always have more than than will or can possibly publish.
http://news.morningstar.com/articlenet/article.aspx?id=64857...
Of course, contra your ML researcher, this presupposes that there are effective strategies that are published.
The Fama-French 3 factor model still holds. (http://en.wikipedia.org/wiki/Fama%E2%80%93French_three-facto...) Part of this is because Gene Fama doesn't have a hedge fund on the side. He advises DFA, but they want their customers to understand the model. (He also won this year's Economics Nobel)
> In 2008, as John McCain prepared to announce his running mate, Fitzpatrick and his fellow trader Joe Schilling were monitoring the movements of all the contenders, calling their press secretaries and checking a flight-tracking website. They noticed a Gulfstream jet from Anchorage, Alaska, bound for the site of a McCain rally, and bought Sarah Palin, a longshot. When the surprise pick was unveiled, Fitzpatrick took home $25,000.
Source: http://www.buzzfeed.com/andrewrice/the-fall-of-intrade-and-t... (despite being from buzzfeed, the article is well worth reading)
It was announced the next day. Right after the meeting, one of his managers had several new bookings extending through most of his day. We accurately predicted (with some surprise) the successor.
From personal experience - even if you can't see where your management is meeting or who they are meeting with, just knowing they will be out of the office can be valuable. Especially when you are job-hunting.
It would be exceedingly popular.
I will totally not use this data to trade stocks ;).
"Due to their large size, aircraft can also be observed physically taking off and landing at airports by scouts stationed as “tailspotters,” a role played memorably by actor Charlie Sheen in the 1987 feature film Wall Street."
Yep, I'm right.
I imagine that a Stingray-like IMSI/IMEI/MEID interceptor that looked for executive mobile phones could be even more profitable.