Evaluating the performance of traditional VAR and ML approaches for forecasting inflation in Baltic countries based on the Phillips Curve
Authors: Nabi Rahimov, Alexandra Grischenko, Greyson Michael Culbert Copyrighted. In this example, I will share how Vector Auto-Regressive (VAR) and Machine Learning (ML) models perform in predicting inflation in three Baltic countries based on the Phillips curve theory. Before building the models, let’s discuss VAR model. The main instrument used…
Evaluating the performance of traditional VAR and ML approaches for forecasting inflation in Baltic countries based on the Phillips Curve Authors: Nabi Rahimov, Alexandra Grischenko, Greyson Michael Culbert Copyrighted. In this example, I will share how Vector Auto-Regressive (VAR) and Machine Learning (ML) models perform in predicting inflation in three Baltic countries based on the Phillips curve theory. Before building the models, let’s discuss VAR model. The main instrument used… machine-learning
Evaluating performance traditional VAR ML approach forecasting inflation Baltic country based Phillips Curve Authors Nabi Rahimov Alexandra Grischenko Greyson Michael Culbert Copyrighted example share Vector AutoRegressive VAR Machine Learning ML model perform predicting inflation three Baltic country based Phillips curve theory building model let’s discus VAR model main instrument used… machinelearning