Science & Environment
New statistical method eliminates AI estimation bias in econometrics
Source: Phys.org - latest science and technology news stories · Published
A new research paper describes a statistical framework that resolves significant calculation biases caused by artificial intelligence in econometric models. The method, two-step extraction, removes estimation bias when researchers measure the business or economic effects of varia
A new research paper describes a statistical framework that resolves significant calculation biases caused by artificial intelligence in econometric models. The method, two-step extraction, removes estimation bias when researchers measure the business or economic effects of variables extracted using machine learning algorithms from unstructured data such as photos and consumer text.
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