Underlying economic data, not forecasting errors, blight investment decisions
RBI is reportedly using machine learning tools to enhance its inflation forecasting, the bedrock of monetary policy decisions. The problem is larger, with data fed into GDP estimates dogged by shortcomings. There’s a strong case to invest more in the collection of primary data which drive policy decisions in public sector and investment decisions in private sector
February 05, 2025 / 10:46 IST
There’s a strong case to invest more in the collection of primary data.
SA Raghu is a columnist who writes on economics, banking and finance. Views are personal and do not represent the stand of this publication
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