‘Rolling windows’ method may help evaluate big data forecasts
Barbara Rossi presents new approach at ECB’s AI conference
Economist Barbara Rossi has outlined a new method of assessing large numbers of big data-driven forecast models.
Rossi told a European Central Bank conference on the use of artificial intelligence in forecasting on March 23 that her method could help forecasters select models in the presence of “instability”.
Big data combined with machine learning offers researchers a way of forecasting in the presence of unstable economic relationships, Rossi said. Economies in the real world face such
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