Macroeconomic Forecasting Using Alternative Data

Download or read book Macroeconomic Forecasting Using Alternative Data written by Apurv Jain and published by Academic Press. This book was released on 2020-08 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Forecasting Using Alternative Data applies computer science to the demands of macroeconomic forecasting. It is the first book to combine machine learning methods with macroeconomics. By using artificial intelligence and machine learning techniques, it unlocks the increased forecasting accuracy offered by alternative data sources. Through its interdisciplinary approach, readers learn how to use big datasets efficiently and effectively. Combines big data/machine learning with macroeconomic forecasting Explains how alternative data improve forecasting accuracy when controlled for traditional data sources Provides new innovative methods for handling large databases and improving forecasting accuracy