Machine-learning Techniques in Economics

Von:

Atin Basuchoudhary

James T. Bang

Tinni Sen

Beschreibung

Offers a guide to how machine learning techniques can improve predictive power in answering economic questions Provides R codes to help guide the researcher in applying machine learning techniques using the R package Uses partial dependence plots to tease out ...

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Beschreibung

Offers a guide to how machine learning techniques can improve predictive power in answering economic questions
Provides R codes to help guide the researcher in applying machine learning techniques using the R package

Uses partial dependence plots to tease out non-linear effects of explanatory variables on the dependent variables

Inhalt
Why this Book?.- Data, Variables, and Their Sources.- Methodology.- Predicting Economic Growth: A First Look.- Predicting Economic Growth: Which Variables Matter?.- Predicting Recessions: What We Learn from Widening the Goalposts.- Epilogue.