Are Machine Learning (ML) algorithms superior to traditional econometric models for GDP nowcasting in a time series setting?

For decades, manufacturing research and d (R&D) has largely relied on a time-tested but costly model: trial and error. Scientists and engineers iterate through experiments, testing different material ...

Imagine standing on top of a mountain. From this vantage point, we can see picturesque valleys and majestic ridges below, and streams wind their way downhill. If a drop of rain falls somewhere on this ...