We develop methodology for estimation and inference using machine learning to enrich economic models. Our framework takes a standard economic model and recasts the parameters as fully flexible nonparametric functions, to capture the rich heterogeneity based on potentially high dimensional or...

In this paper we survey the most recent advances in supervised machine learning and highdimensional models for time series forecasting. We consider both linear and nonlinear alternatives. Among the linear methods we pay special attention to penalized regressions and ensemble of models. The...

Accurate short-term forecasting of public transport demand is essential for the operation of on-demand public transport. Knowing where and when future demands for travel are expected allows operators to adjust timetables quickly, which helps improve service quality and reliability and attract...

Stock price prediction is a significant research field due to its importance in terms of benefits for individuals, corporations, and governments. This research explores the application of the new approach to predict the adjusted closing price of a specific corporation. A new set of features is...

Identifying the performance factors of organizations is of utmost importance for labor studies for both empirical and theoretical research. The present study investigates the essential intra- and extra-organizational factors in determining the performance of firms using the European Company...

In some applications of supervised machine learning, it is desirable to trade model complexity with greater interpretability for some covariates while letting other covariates remain a "black box". An important example is hedonic property valuation modeling, where machine learning techniques...

Banks generally use credit scoring models to assess the creditworthiness of customers when they apply for loans or credit. These models perform significantly worse when used on potential new customers than existing customers, due to the lack of financial behavioral data for new bank customers....

Unemployment rates provide information on the economic development of countries. Unemployment is not only an economic problem but also a social one. As such, unemployment rates are important for governments and policy makers. Therefore, researchers around the world are constantly developing new...

In dem vorliegenden Beitrag wurde ein auf Künstliche Intelligenz gestütztes Kon- zept zur Bewertung und Optimierung der Transportplanungsqualität für die Stahl- und Metalllogistik ausgearbeitet und seine Praktikabilität mithilfe methodischer Untersuchungen nachgewiesen. Somit soll die...

Deception and media manipulation have always been an integral part of wartime propaganda. But never before has it been so easy to create high-quality fabrications of images as well as sound and video recordings. The tendency to react emotionally to these media opens up a whole new possibility...