How Long to Read Deus ex Machina? A Framework for Macro Forecasting with Machine Learning

By Marijn A. Bolhuis

How Long Does it Take to Read Deus ex Machina? A Framework for Macro Forecasting with Machine Learning?

It takes the average reader and 25 minutes to read Deus ex Machina? A Framework for Macro Forecasting with Machine Learning by Marijn A. Bolhuis

Assuming a reading speed of 250 words per minute. Learn more

Description

We develop a framework to nowcast (and forecast) economic variables with machine learning techniques. We explain how machine learning methods can address common shortcomings of traditional OLS-based models and use several machine learning models to predict real output growth with lower forecast errors than traditional models. By combining multiple machine learning models into ensembles, we lower forecast errors even further. We also identify measures of variable importance to help improve the transparency of machine learning-based forecasts. Applying the framework to Turkey reduces forecast errors by at least 30 percent relative to traditional models. The framework also better predicts economic volatility, suggesting that machine learning techniques could be an important part of the macro forecasting toolkit of many countries.

How long is Deus ex Machina? A Framework for Macro Forecasting with Machine Learning?

Deus ex Machina? A Framework for Macro Forecasting with Machine Learning by Marijn A. Bolhuis is 25 pages long, and a total of 6,375 words.

This makes it 8% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read Deus ex Machina? A Framework for Macro Forecasting with Machine Learning Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 34 minutes to read Deus ex Machina? A Framework for Macro Forecasting with Machine Learning aloud.

What Reading Level is Deus ex Machina? A Framework for Macro Forecasting with Machine Learning?

Deus ex Machina? A Framework for Macro Forecasting with Machine Learning is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Deus ex Machina? A Framework for Macro Forecasting with Machine Learning?

Deus ex Machina? A Framework for Macro Forecasting with Machine Learning by Marijn A. Bolhuis is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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