Revolutionizing Inflation Forecasting: How AI-Driven Tech Boosts Accuracy
2025-03-10
Business Standard
The fusion of Artificial Intelligence (AI) and economic forecasting is transforming the field of inflation prediction. By harnessing the power of Machine Learning (ML) and Natural Language Processing (NLP), economists can now make more accurate predictions. This innovative approach enables analysts to analyze vast amounts of data, identify patterns, and make informed decisions. With AI-driven technology, inflation forecasting is becoming more precise, allowing businesses and governments to make data-driven decisions. Key terms like predictive analytics and economic modeling are also being leveraged to improve forecasting accuracy.
