Machine Learning: Turning Around a Poor Economic Forecasting History?

Why has economic forecasting with Machine Learning not blown up? Machine Learning has conquered every other area, why not economic forecasting? As data collection and analysis has become more prevalent, the practice of forecasting has risen across many disciplines. From weather prediction to retail shopping, forecasting can be an invaluable practice. Economists have attempted to […]

Why does Deep Learning work?

Deep Learning is one of the hottest fields of Machine Learning currently. “[The] long-term behavior of certain neural network models are governed by the statistical mechanism of infinite-range Ising spin-glass Hamiltonians” [1]. So, are multilayer neural networks just spin glasses? Interestingly, the answer depends on the definition of a spin glass.  In his paper, NYU […]