This paper shows that the Expectation-Maximization (EM) algorithm for regime-switching dynamic factor models provides satisfactory performance relative to other estimation methods and delivers a good ...

The Bank of Ghana (BoG) has deployed Artificial Intelligence to strengthen its inflation forecasting and improve the way it ...

Discover what data science is, its benefits, techniques, and real-world use cases in this comprehensive guide. Data science merges statistics, science, computing, machine learning, and other domain ...

Foundation models—artificial intelligence systems trained on massive data sets to perform a wide range of tasks—have the potential to transform scientific discovery and innovation. At the request of ...

Is it possible for an AI to be trained just on data generated by another AI? It might sound like a harebrained idea. But it’s one that’s been around for quite some time — and as new, real data is ...

Just as with LLMs, success in other frontiers of AI will require access to large volumes of high-quality data. That will require deliberate, research-driven dataset design. Artificial intelligence ...