Learn about econometrics, including how it uses statistical models and data analysis to test economic theories, forecast trends, and improve financial decisions.

Forbes contributors publish independent expert analyses and insights. Writes about the future of payments. It's easy to forget that beneath the surface of every smart algorithm lies a surprisingly old-school foundation: statistics. In an era where ...

Meteorologists frequently mention weather prediction models in their forecasts. They explain what they’re gleaning from the “U.S. Model,” for instance, and how that might differ from the “European model.” WRAL meteorologists Elizabeth Gardner ...

Learn how economic forecasting uses GDP, inflation, and key indicators to project future economic trends and inform business and policy decisions.

AI outperforms traditional weather forecasting in many cases. But a new study shows that when it matters most, current AI models still need to overcome a fundamental flaw. AI is being touted as the future of weather forecasting—faster and more precise.

A University of Portsmouth professor has adapted statistical physics methods to model how dialects and word usage evolve across regions and generations. Tested with large-scale US and UK English survey data, the model captured both the spread of popular ...

Forecasting problems are cultural, not just technical. Despite decades of improved statistical models and better MAPE accuracy, forecast bias remains widespread because organizati