Application of machine learning methods to economic problems
Abstract and keywords
Abstract (English):
The article is devoted to the study of machine learning (MO) methods and their application in economics. Various approaches such as classification, regression, clustering, and text analysis are considered, which are used to solve key tasks, including forecasting macroeconomic indicators, managing risks, and improving the efficiency of business processes. A comparison is made between traditional econometric analysis and new methods based on artificial intelligence. The focus is on empirical analysis conducted on the open data of the World Bank, as well as on practical examples of successful implementation of projects using MO. The advantages and limitations of machine learning are discussed separately, as well as important ethical issues related to possible biased results of algorithms. The results obtained are of interest to researchers and practitioners seeking to improve the quality of forecasting and decision-making in a rapidly growing data environment. The general purpose of the article is to demonstrate the current state and prospects of using MO in the economy.

Keywords:
machine learning, econometrics, GDP forecasting, market segmentation, financial modeling, economic policy, clustering, regression, text data processing, risk management
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