Deep learning can beat other forecast methods – Bank of Korea research

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Deep learning – an advanced form of artificial intelligence – can be more accurate in predicting outcomes, compared with conventional econometric approaches, according to research from Bank of Korea (BoK).

The research paper tested predictions of monthly exports from Korea and daily Korean won-US dollar exchange rates. It found that deep learning approaches produced better results even with the sorts of non-granular data sets that are normally used for conventional econometric models.

Central

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