How Long to Read The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data

How Long Does it Take to Read The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data?

It takes the average reader and 21 minutes to read The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data by Marijn A. Bolhuis

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

Description

We leverage insights from machine learning to optimize the tradeoff between bias and variance when estimating economic models using pooled datasets. Specifically, we develop a simple algorithm that estimates the similarity of economic structures across countries and selects the optimal pool of countries to maximize out-of-sample prediction accuracy of a model. We apply the new alogrithm by nowcasting output growth with a panel of 102 countries and are able to significantly improve forecast accuracy relative to alternative pools. The algortihm improves nowcast performance for advanced economies, as well as emerging market and developing economies, suggesting that machine learning techniques using pooled data could be an important macro tool for many countries.

How long is The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data?

The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data by Marijn A. Bolhuis is 21 pages long, and a total of 5,271 words.

This makes it 7% the length of the average book. It also has 6% more words than the average book.

How Long Does it Take to Read The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 28 minutes to read The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data aloud.

What Reading Level is The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data?

The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data 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 The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data?

The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data 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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