Revolutionising Inflation Forecasting: How AI Technology Enhances Accuracy
2025-03-10
Business Standard
The integration of Artificial Intelligence (AI) in economic forecasting is transforming the field of inflation prediction. By leveraging advancements in Machine Learning (ML) and Natural Language Processing (NLP), AI-driven technology can significantly enhance accuracy in forecasting inflation rates. This innovative approach enables economists to make more informed decisions, driven by data-driven insights and predictive analytics. As a result, AI-powered inflation forecasting is becoming increasingly popular among financial institutions and economists, providing a more reliable and efficient way to predict economic trends and make data-driven decisions.
