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CPB | Economic Policy Analysis

Publications

Year

Author

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October 4, 2022

Forecasting World Trade Using Big Data and Machine Learning Techniques
Download Forecasting World Trade Using Big Data and Machine Learning Techniques (update November 2022), Pdf, 401.3 KB
Forecasting World Trade Using Big Data and Machine Learning Techniques (update November 2022), Pdf, 401.3 KB

We compare machine learning techniques to a large Bayesian VAR for nowcasting and forecasting world merchandise trade. We focus on how the predictive performance of the machine learning models changes when they have... →