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GeneralRe: AI Economic Modelling Pin
charlieg1-Oct-23 11:29
charlieg1-Oct-23 11:29 
GeneralRe: AI Economic Modelling Pin
BernardIE53171-Oct-23 13:03
BernardIE53171-Oct-23 13:03 
GeneralRe: AI Economic Modelling Pin
charlieg1-Oct-23 13:09
charlieg1-Oct-23 13:09 
GeneralRe: AI Economic Modelling Pin
BernardIE53171-Oct-23 18:04
BernardIE53171-Oct-23 18:04 
GeneralRe: AI Economic Modelling Pin
jochance4-Oct-23 5:24
jochance4-Oct-23 5:24 
GeneralRe: AI Economic Modelling Pin
obermd1-Oct-23 14:54
obermd1-Oct-23 14:54 
GeneralRe: AI Economic Modelling Pin
BernardIE53171-Oct-23 18:11
BernardIE53171-Oct-23 18:11 
GeneralRe: AI Economic Modelling Pin
Daniel Pfeffer1-Oct-23 20:16
professionalDaniel Pfeffer1-Oct-23 20:16 
I think that you are much too optimistic.

It is not sufficient to collect a large mass of data and throw an "AI" at it. A model with a set of degrees of freedom (parameters) must be developed, and then the AI may be "trained" to adjust the parameters so as best to fit the data. This assumes that the parameters are not time-dependent, which is an even more difficult problem.

On the micro level, any national economy has a large number of degrees of freedom (underestimated as 1 degree per person). No model, AI or otherwise, comes even close to handling such a large number of variables. Furthermore, the "boundary conditions", i.e. interactions outside the national economy, are at least as complex. It may be possible that the smallest unit that may be modelled is the planetary economy.

On the macro level, economists have yet to identify the variables that are important to the economy, the proof being their inability to forecast anything but the most general trends.

EDIT: grammar
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
-- 6079 Smith W.


modified 2-Oct-23 1:24am.

GeneralRe: AI Economic Modelling Pin
Gerry Schmitz2-Oct-23 7:58
mveGerry Schmitz2-Oct-23 7:58 
GeneralRe: AI Economic Modelling Pin
Daniel Pfeffer2-Oct-23 9:47
professionalDaniel Pfeffer2-Oct-23 9:47 
GeneralRe: AI Economic Modelling Pin
Jeremy Falcon2-Oct-23 2:33
professionalJeremy Falcon2-Oct-23 2:33 
GeneralRe: AI Economic Modelling Pin
jschell2-Oct-23 6:14
jschell2-Oct-23 6:14 
GeneralRe: AI Economic Modelling Pin
rxantos4-Oct-23 17:56
rxantos4-Oct-23 17:56 
GeneralI want to go see the new Sphere venue in Las Vegas Pin
Graeme_Grant30-Sep-23 16:22
mvaGraeme_Grant30-Sep-23 16:22 
GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
PIEBALDconsult30-Sep-23 17:48
mvePIEBALDconsult30-Sep-23 17:48 
GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
OriginalGriff30-Sep-23 20:08
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GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
PIEBALDconsult30-Sep-23 21:06
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RantRe: I want to go see the new Sphere venue in Las Vegas Pin
Daniel Pfeffer30-Sep-23 23:44
professionalDaniel Pfeffer30-Sep-23 23:44 
GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
PIEBALDconsult1-Oct-23 6:41
mvePIEBALDconsult1-Oct-23 6:41 
GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
BobbyStrain1-Oct-23 7:45
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GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
Jeremy Falcon2-Oct-23 2:23
professionalJeremy Falcon2-Oct-23 2:23 
GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
Choroid2-Oct-23 7:25
Choroid2-Oct-23 7:25 
GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
Jeremy Falcon2-Oct-23 12:27
professionalJeremy Falcon2-Oct-23 12:27 
GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
BernardIE53174-Oct-23 18:52
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GeneralRe: I want to go see the new Sphere venue in Las Vegas Pin
Jeremy Falcon2-Oct-23 2:26
professionalJeremy Falcon2-Oct-23 2:26 

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