How can you use regression models to forecast economic trends?
Forecasting economic trends is a challenging but valuable skill for anyone interested in business, finance, or policy. One of the most common and powerful tools for this purpose is regression analysis, which allows you to model the relationship between a dependent variable (such as GDP, inflation, or unemployment) and one or more independent variables (such as interest rates, consumer confidence, or trade balance). In this article, you will learn how to use regression models to forecast economic trends, and how to check and improve their accuracy and validity.
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Onur Taylan CicekLead Data Analytics & Data Developer @ UCalgary | Senior Data Scientist | Scrum Master | Master of Data Science |…
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Rafael Matos, MSc.Data Tech Manager at Neon | Credit Risk Modeling | IFRS 9 | Loan Loss Provisions | Quantitative Finance | Retail…
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Jyotishko BiswasAI Leader | Lead team of up to 40 tech experts | 18 years exp. in AI | Built AI products | AI Leader Award 2024 (from…