Are Machine Learning (ML) algorithms superior to traditional econometric models for GDP nowcasting in a time series setting?

In data analysis, time series forecasting relies on various machine learning algorithms, each with its own strengths. However, we will talk about two of the most used ones. Long Short-Term Memory ...

A new system for forecasting weather and predicting future climate uses artificial intelligence to achieve results comparable with the best existing models while using much less computer power, ...

If you are interested in learning more about artificial intelligence and specifically how different areas of AI relate to each other then this quick guide providing an overview of Machine Learning vs ...

Machine learning models can be incredibly valuable tools for business leaders. They can aid in interpreting historic data, making decisions for future initiatives, helping to improve the customer ...

Large language models are machine learning models designed for a range of language-related tasks such as text generation and ...

For some people, the term “black box” brings to mind the recording devices in airplanes that are valuable for postmortem analyses if the unthinkable happens. For others, it evokes small, minimally ...

Machine learning is based on the idea that a system can learn to perform a task without being explicitly programmed. Machine learning has a wide range of applications in the finance, healthcare, ...