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At a time when economics is giving intense scrutiny to the likely impact of artificial intelligence (AI) on the global economy, this paper suggests the two disciplines face a common problem when it comes to uncertainty. It is argued that, despite the enormous achievements of AI systems, it would...
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the 2008 Nigeria Demographic and Health Survey. Diffuse priors were assumed for modelling fixed effects, Bayesian p …
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We propose a Bayesian optimal filtering setup for improving out-of-sample forecasting performance when using volatile …
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