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Introduction to Economic Modeling

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Economic Modeling Using Artificial Intelligence Methods

Part of the book series: Advanced Information and Knowledge Processing ((AI&KP))

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Abstract

This chapter introduces economic modeling based on artificial intelligence techniques. It introduces issues such as economic data modeling and knowledge discovery, including data mining and causality versus correlation. It also outlines some of the common errors in economic modeling with regard to data handling, modeling, and data interpretation. It surveys the relevant econometric methods and motivates for the use of artificial intelligence methods.

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  1. Faculty of Engineering and the Built Environment, University of Johannesburg, Johannesburg, South Africa

    Tshilidzi Marwala

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Marwala, T. (2013). Introduction to Economic Modeling. In: Economic Modeling Using Artificial Intelligence Methods. Advanced Information and Knowledge Processing. Springer, London. https://doi.org/10.1007/978-1-4471-5010-7_1

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