Using new methods to predict economic development
When will inflation fall and when will economic growth accelerate? Luis Gruber, an early career researcher in Gregor Kastner’s research team at the Department of Statistics, is developing new statistical methods to help predict socially relevant topics such as economic development. It is important to note that statistics are not a crystal ball. We will not be able to predict the future with complete accuracy, which makes it all the more important to use new methods in order to demonstrate the degree of uncertainty associated with predictions.
