With the unprecedented level of uncertainty in the economy, the ability to adapt has never been more important. This is especially true in the world of forecasting. In this podcast, ERSA’s host is joined by Dr Daan Steenkamp, a Lead Economist at the South African Reserve Bank, and together they discuss a recent trend in forecasting called nowcasting. Daan delves into the details of this statistical technique and refers to his research, the slides of which can be found below. This podcasts explores how economists can benefit from machine learning and big data. It would not be complete without some talk on artificial intelligence. For those curious about the world of economic modelling, this podcast is for you! We hope you enjoy.
The beat used in this production, called ‘Resolutions’, is royalty free and can be found at freebeats.io.